GLOBAL
REAL ESTATE CONSULTING
since 1999
Three trades in one: Economics, Finance and Law
Three skills in one: Imagination, creativity and… good sense
22 years of performance

132 residential
buildings

55 commercial
buildings

34 plots
of land

17 industrial
buildings

2 churches

1 stadium

4 individual housing
estate
SERVICES
Portfolio management
- Ongoing analysis for optimal results/implementation
- Just-in-time management and information control
- Capital structuring (financing)
- Arbitrage among various scenarios
Transactions
- One rule: Discretion !
- Investment, acquisition / sale (spot, forward sales, renting, options, /leasing/sale & leaseback, sale & buy back… )
- Analysis of commercial strategies
- Monitoring, supervision of procedures (organisation, follow-up, reporting, legal assessment)
Investment Consulting
- Financial valuation (DCF ©, IFRS, market, tax, collateral values, assessment of risks and opportunities)
- Why selling/purchasing?
- Price, value, opportunity, measurements…
Firms
- Renting, purchasing, selling: financial or regulatory arbitrage
- Search / selection / valuation and implementation
- Commercial properties at large:(re)lease, (re)negotiation, transfer or sub-letting
Transactions
Discretion, efficency, transparency

FOR SALE
Geneva - CBD
Residential and commercial building
Sale by tender
100% rented

FOR SALE
Riviera (VD-CH)
Sale & Leaseback 35 years
Historic site and activity – World renowned tenant
17’000 m2 built – 2.4 hectares
Share Deal
Recent assignments
A selection of recent projets: around CHF 800 millions worth of transactions

MVP H (FR)
2021-2022
Industrial site, land and asset restructuring, 2.5 HA and ~9,000 m2 (storage, production, administration, etc.) Mandate: “All in”. Strategic advice, arbitration, valuation and market testing, preparation of prospectus, short list of investors, 2 rounds of tenders, selection, assistance and/or drafting of contracts (deeds, lease, transfer of shares), sale.

Campus Biotech (GE)
2012-2017
Full development (teaching, search of neuro/biotech firms). 44’000 sqm. 80% of the goal achieved in 7 months. Associated strategic assignments: site marketing, refinancing via tenders, administrative negotiations.
* ex Serono Int./Merck GmbH

Bellerive Campus (GE)
2017-2021
Advice for acquisition, valuation, development, DPSR negotiation, sale.

Quai de l’Île 13 (Before/ After)
2013-2019
“All-in-tasks” mandate: acquisition, site clearance, piloting, renovation, re-letting and sale.


Rue de Lausanne (GE)
2014-2017
Building elevation : financial and test arbitrage, study, architecture competition, permit applications, negotiations with tenants, solving oppositions. The biggest building elevation in the canton. 4 residential buildings. 7’200 sqm on the lakeside. Delivered in 2019.

Les Portes d’Aubonne (VD)
2012-2015
Overall development assignment: land acquisition, authorisations, development , marketing, financing, sale (2016). Around 6’000 sqm.

Vieille-Ville Portfolio (GE)
2010-2020
Acquisition, renovation and sale: residential house, old stones, patrician complex, Old Town of Geneva.

Rive-Gauche Portfolio (GE)
2010-2020
Acquisition, renovation and sale: by the lake, on the quays, Geneva.
AMI or “L’ASSET MANAGEMENT IMMOBILIER”

François Micheli
Managing director (founder)

Lorenzo Pedrazzini
Managing director (founder)

Bertrand Cavaleri
Director / Manager

Raphaël Reginato
Management member
PUBLICATIONS
Real estate indicators
Discover all the office rent indicators (ILB, indicateurs de loyer de bureaux) since 2002, and the other publications and market analyses.

Press releases : selection

Le coût des passoires immobilières
Détail des calculs – article : Le coût des passoires immobilières
https://agefi.com/actualites/acteurs/le-cout-des-passoires-immobilieres
AMI – 09.06.2023

Le coût des passoires immobilières
« Le résultat est spectaculaire. D’abord, pour égaliser le rendement «d’avant», il faut augmenter les revenus de 20,26%. Cela peut se faire par des augmentations de loyers ou des subventions. Il faut que quelqu’un paie. »
AGEFI – 09.06.2023

Le prix des passoires immobilières
« Sauf que ce discours a un double effet, peu sentimental, lui: quelle est la décote d’un immeuble pas-soire (performance énergétique) par rapport à une norme vénale qu’il s’agit encore d’inventer? Un immeuble neuf vaut-il plus ou mieux qu’un immeuble d’il y a quarante ans ou plus, du fait que le droit administratif et la mode «éco +» sont aujourd’hui plus contraignants? »
AGEFI – 23.05.2023
References
