Success in 2022
All three business segments (Mortgages & Financing / Real Estate / Investments) contributed to the growth. In 2022, a total of CHF 1'052 million in new mortgages were placed and extended. Of this amount, around CHF 270 million is attributable to non-traditional loans such as bridging and follow-up financing. The average amount of a placed mortgage was CHF 6.1 million. Hyrock has thus expanded its strong position as a mortgage and real estate provider in Switzerland.
Addition to Management Team
With Thomas Hilpert and Andreas Hitz, the expertise in the management team has been expanded. In future, Thomas Hilpert will be responsible for the Mortgages & Financing division. He has long-standing experience in private banking and real estate financing. Andreas Hitz is responsible for the Real Estate division. He is a proven real estate expert and has extensive experience as a real estate appraiser for complex projects and is a lecturer at SVIT school in Zurich.
Further investment products and close cooperation
In 2022, Hyrock launched new products in cooperation with independent asset managers, offering investment opportunities in non-traditional real estate financing. In addition, new collaborations with banks were executed last year with the aim of building up a loan portfolio or analysing and restructuring the existing one.
"Interest rates on non-traditional financing remain very attractive. We are seeing very high demand, especially for transparent products with maturities of up to 4 years"
says Tanguy Bonbled, Head of Investments
Strengthening of the Geneva site
In 2022, the Geneva site was significantly strengthened. We moved into new, larger office premises at Rue du Mont-Blanc 12 and increased our local team on site in order to further grow in this very attractive region.
Ambitious goals for 2023
Hyrock will continue to pursue its growth strategy in 2023. The goal is to consolidate the acquired market position and maintain full independence. Alessandro Carroccia, CEO of Hyrock says: "With our team we are well positioned to offer the best solution to our customers and to achieve further growth, even in a difficult market environment".