Giacomo Balzarini, CEO of PSP Swiss Property AG (SWX: PSPN), sat down for a video interview at Nareit’s REITweek: 2026 Investor Conference in New York, June 1-4.
In 2026, the Swiss property market continues to be defined by a widening gap between prime and non-prime assets, according to Balzarini. He noted that Switzerland’s office sector remains healthy, particularly in the centers of major cities such as Zurich and Geneva, where vacancy rates are extremely low due to limited new supply.
Balzarini said PSP’s long-standing focus on prime office properties in Switzerland’s leading economic hubs has positioned the company well to benefit from these market conditions. Looking ahead, he expects tenants to place an even greater premium on high-quality, centrally located office space as companies adapt to evolving workplace needs and the potential impact of AI on employment patterns.
The company continues to pursue a balanced growth strategy, combining redevelopment and repositioning within its existing portfolio with selective acquisitions. Balzarini emphasized that value creation through redevelopment requires long-term planning, often spanning a decade from concept to completion. While competition for high-quality assets remains intense, PSP seeks to remain opportunistic and counter-cyclical, deploying capital when market stress creates attractive opportunities.
He added that PSP’s approach has remained consistent for more than 20 years and continues to deliver strong results.