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Baloise is one of the biggest institutional property owners in Switzerland. Its portfolio comprises 510 properties with around 34,000 rental units (of which 13,500 are residential). In total, the real estate business manages more than CHF 6.1 billion in assets and has more than 60 employees. In future, the Company also plans to offer real estate management services to third parties. The business will be spun off into a separate public limited company and a real estate fund for qualified investors will be launched. "The appointment of Dieter Kräuchi and Thomas Hasse Biniasch to the two key positions lays down an important marker for the realignment of the real estate business," explains Matthias Henny, who will become head of the Corporate Division Asset Management on 1 May 2017.
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