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Growth opportunities in an attractive market
RS Properties AG (RSP) has acquired a majority stake in the wellness area of Parkresort Rheinfelden from Invision. This includes Bad Rheinfelden AG, which operates the "sole uno", and CARASANA Bäderbetriebe GmbH, which operates the Caracalla Therme and Friedrichsbad in Baden-Baden (Germany). With this acquisition, RSP is diversifying its existing real estate and investment portfolio. As the long-term majority shareholder, RSP intends to continue its successful strategy and exploit potential growth opportunities in an attractive market. The management of the baths operations in Rheinfelden and Baden-Baden will remain unchanged.
As part of the acquisition, RSP was supported by IFBC as exclusive Financial Advisor. IFBC accompanied the entire transaction process, including execution of the Financial Due Diligence, preparation of the Valuation considerations and support in the contract negotiations.
Beat Bühlmann, Chairman of the Board of Directors of RSP, provides the following insights into the takeover and the company's efforts to offer responsible real estate solutions for commercial, industrial and residential properties with a focus on SMEs.
We are an innovative and forward-looking real estate company that is constantly evolving and offers excellent real estate solutions. Our range of services covers the entire life cycle of real estate, from development and construction to portfolio management. Our focus is on the continuous development and optimization of our portfolio, which has its origins in the areas surrounding the Ferrum Group.
The desired diversification of our portfolio laid the foundation for this acquisition. We are convinced that wellness is a very attractive business segment that creates stable earnings thanks to long-term investment planning. In addition, as medium-sized companies with regional roots, the three baths are a very good fit for RSP. The experienced management and loyal employees also had a positive influence on our decision.
Even the Romans appreciated and cared for the thermal baths in this region. The need for well-being is not a short-term trend but is deeply rooted in humans. Wellness is "here to stay" and is becoming increasingly important, especially in our hectic times. Our offer is very well received by the people because we provide an upscale experience, even though we are not a luxury spa. This is reflected in the number of visitors to the three renowned baths, which receive a total of over one million guests each year.
The history of RSP and the roots of the Ferrum Group go back to 1917. We are historically anchored in the canton of Aargau, have a clear commitment to medium-sized businesses and stand for Swiss quality. As specialists in industrial buildings and development sites, we attach great importance to close cooperation with regional stakeholders: Employees, customers and partners. In this way, our real estate solutions create economic, ecological and social sustainability and are therefore very successful.
The sellers were very well documented and acted extremely professional throughout the entire process. This meant that any “minor surprises” that normally arise could be addressed and resolved very quickly.
IFBC provided us with close support throughout the entire transaction and actively contributed with its comprehensive expertise in Financial Due Diligence and the Valuation considerations. The greatest value added was their ability to clearly present financial and operational matters and to create a solid basis for decision-making. The entire IFBC deal team was highly motivated and easily accessible at all times.
Through targeted portfolio management, we ensure the improvement of existing buildings and the realization of new projects and transactions. Industrial properties currently make up the majority of our portfolio. In the coming years, we will supplement our investments in the wellness sector with development projects in the commercial and, in particular, residential real estate sectors. Together with local authorities and other partners, we are developing sustainable neighborhoods and attractive living environments.
Beat Bühlmann is Chairman of the Board of Directors of RSP as well as Executive Chairman and co-owner of the Ferrum Group. The mechanical engineering company Ferrum is the global market leader for can seaming machines and a specialist in pusher and decanter centrifuges. Ferrum employs more than 1,000 people and operates ten subsidiaries in Europe, North and South America, Africa, China and Southeast Asia in addition to its headquarters in Schafisheim, Aargau. RSP was created in 2017 through the spin-off of the Ferrum Group's real estate and land reserves.
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