Close menu

March 16th, 2023 | 12:07 CET

Alpina Holdings, Vonovia, Credit Suisse - Real estate market booms in Asia, Europe staggers along

  • RealEstate
  • Investments
  • Banking
Photo credits:

The Silicon Valley Bank knockout is also making its rounds on this side of the Atlantic. Credit Suisse shares are currently reeling, sliding 30% lower, after its main shareholder ruled out further support. This helped drag down all European banks. That is not all. The real estate industry across Europe is also trembling as the EU Parliament has passed a resolution for the compulsory renovation of all houses. By 2050, all buildings in Europe are to be climate-neutral. As early as 2028, only buildings that are considered "emission-free" are to be allowed to be built. Existing buildings will have to be refurbished if they are deemed to be in poor condition. That means immense renovation costs for the Vonovia real estate group, which is suspected of corruption. The Singapore-based company Alpina Holdings is in a better position here. The Company builds and manages both public and private properties in the Lion City. Read here what this means for investors.

time to read: 4 minutes | Author: Juliane Zielonka

Table of contents:

    Jared Scharf, CEO, Desert Gold Ventures Inc.
    "[...] We have built one of the largest land packages of any non-producer in the belt at over 440 and have made more than 25 gold discoveries on the property to date with 5 of these discoveries totaling about 1.1 million ounces of gold resources. [...]" Jared Scharf, CEO, Desert Gold Ventures Inc.

    Full interview


    Vonovia cuts back on the supervisory board and increases the proportion of women to 50%

    By 2030, all residential buildings in Germany should have achieved at least an "E" energy efficiency class. Buildings that are worse than class E will have to be compulsorily refurbished. Harmonized energy efficiency classes from A (worst class) to G (best class) are to be introduced across Europe. From 2028, all new buildings must be equipped with solar systems as long as this is possible by technical and economic means. For Germany's largest real estate group, Vonovia, this EU regulation will result in considerable refurbishment costs for existing properties.

    Savings are already being made in the number of members of the Supervisory Board. The board is to be reduced from twelve to ten members. In addition, the proportion of women will be increased from currently 33% to 50%. A younger average age of male and female Supervisory Board members is also being sought, with a proposal to be presented at the upcoming Annual General Meeting on May 17. The planned changes will be implemented gradually after the Annual General Meeting in May this year. It allegedly has nothing to do with the current suspicion of corruption.

    According to the "Süddeutsche Zeitung", police and tax investigators have already been on site to search Vonovia in Bochum on suspicion of fraud, bribery and corruption in the awarding of contracts. The suspects are alleged to have favoured some companies when awarding contracts and received money or gifts in return. In addition, some settlements resulted in inflated sums that were eventually divided among the suspects.

    The Company has hired the accounting firm Deloitte to conduct an independent investigation and will file charges against possible respondents. Deloitte has already begun its investigation and is examining the Vonovia Group.

    Alpina Holdings: Real estate boom with increasing population growth

    Visibly more relaxed and profitable is the situation on the Asian real estate market. Singapore is a small country with a total area of just under 729 sqm and a population of around 5.45 million. Due to the limited space and increasing affluence of the population as well as its role as a regional economic centre, Singapore is one of the most expensive real estate markets in the world.

    Alpina Holdings Limited is a Singapore-based company specializing in the provision of integrated building services, mechanical and electrical engineering services, and renovation and addition work for public and private buildings. Alpina Holdings has existed for 17 years and is listed on the Singapore and Frankfurt Stock exchanges. The construction industry in Singapore is experiencing continued overall growth.

    According to BCA forecasts, construction demand will reach between EUR 17.5 billion and EUR 22.4 billion between 2022 and 2025.

    The Building and Construction Authority (BCA) is committed to developing and transforming the construction sector to improve the living environment in Singapore. The public sector leads in construction projects, spending EUR 9.8 billion to EUR 112.6 billion per year on building and civil engineering projects. This is precisely why Alpina Holdings' growth outlook remains consistently positive.

    Singapore's increasing population growth will also continue to drive the government to spend on public sector infrastructure projects in line with rising growth. The population is expected to reach between 6.5 million and 6.9 million residents by 2030. It is worthwhile for investors to take a closer look at real estate companies in Singapore, in particular, in light of the new EU regulations.

    Credit Suisse - Shares of the crisis-ridden bank plunge again

    Shares in the major Swiss bank plunged more than 21% to a new record low of 1.75 francs on the Zurich stock exchange. The stock was repeatedly suspended from trading. Ammar al-Khudairy, president of the SNB, said he could not invest more money in Credit Suisse because they already owned more than 9.9% of the bank's shares. "It is not possible; we would go beyond 10%," he said in an interview with Reuters.

    Al Khudairy expressed his belief that Credit Suisse does not need another cash injection. In his view, the Company's key figures are in order, and it operates under strict regulatory rules in Switzerland and other countries. He made this statement during a conference in Riyadh.

    The announcement of a possible restriction on cash investments by Middle Eastern investors caused turmoil in the markets. European bank stocks were also sold off as they were already under pressure this week due to the collapse of Silicon Valley Bank.

    According to the European Commission, buildings in the EU are responsible for 40% of our energy consumption and 36% of greenhouse gas emissions. This week, draft measures to increase renovation rates and reduce energy consumption and greenhouse gas emissions from buildings were approved by the EU Parliament. The market in Singapore is less risky for investors at the moment, where government and private institutions are working together in a progressive way to benefit the population. Alpina Holdings can be an exciting investment in the real estate sector. Shareholders of Credit Suisse, on the other hand, are trembling. The case of the US-based Silicon Valley Bank is also having an impact here.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a "Transaction"). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.

    In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.

    For this reason, there is a concrete conflict of interest.

    The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.

    The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.

    Der Autor

    Juliane Zielonka

    Born in Bielefeld, she studied German, English and psychology. The emergence of the Internet in the early '90s led her from university to training in graphic design and marketing communications. After years of agency work in corporate branding, she switched to publishing and learned her editorial craft at Hubert Burda Media.

    About the author

    Related comments:

    Commented by Juliane Zielonka on February 21st, 2024 | 07:15 CET

    Saturn Oil + Gas, Plug Power, Deutsche Pfandbriefbank - Energy shares and falling knives - where is it worth getting in?

    • Mining
    • Oil
    • Hydrogen
    • greenhydrogen
    • Banking

    The Canadian company Saturn Oil & Gas has announced its capital and operating budget plans for 2024. The main focus is on sustainable oil and gas production with high capital returns, a structured capital allocation and continuous rapid debt repayment. Plug Power is also gaining momentum and taking strong cost-saving measures to maintain its position at the forefront as a green hydrogen provider. Deutsche Pfandbriefbank (pbb) came under the spotlight last week as investors dumped shares due to its involvement in the US office real estate market. Is this bank a falling knife, or does this week offer a potential entry point? We provide the background.


    Commented by Armin Schulz on January 16th, 2024 | 07:30 CET

    Commerzbank, Globex Mining, Vonovia - Interest Rates, Commodities, Real Estate - Where is the most potential?

    • Mining
    • Gold
    • Commodities
    • RealEstate
    • Banking

    When it comes to investing one's money, investors have various options. Personal preferences and different risk tolerances play a crucial role in decision-making. Should one choose the security of a bank with fixed interest rate products, or does one venture into the potentially lucrative terrain of the commodities markets, where choices range between gold, oil and many other options? The third option would be real estate, the ownership of which is equated with value stability and protection against inflation. Experts recommend a diversified approach across these different areas to cushion fluctuations. We take a look at an interesting company from each sector.


    Commented by Fabian Lorenz on January 10th, 2024 | 07:30 CET

    Bayer with a blockbuster! Vonovia weak! And how are Desert Gold shares doing?

    • Mining
    • Gold
    • RealEstate
    • Pharma

    While the DAX, Dow & Co. started the new year weakly, Bayer shares are holding up surprisingly well and can maintain the price gains from the end of 2023. The share price is being supported by positive news. A new blockbuster is waiting in the wings. Vonovia shares, on the other hand, are suffering from profit-taking, although analysts see further upside potential. Is concrete gold celebrating a comeback? And what about real gold? The price has weakened recently, but analysts believe USD 2,200 per ounce is possible, and central banks continue buying heavily. This should benefit not only the major gold producers but also low-cost explorers such as Desert Gold.