Switzerland: Property management specialist Naef Immobilier has acquired a stake in Geneva-based serviced apartment operator Homenhancement.
Homenhancement will remain an independent entity, directed by its co-founder, Gaël Constantin, while Etienne Nagy, CEO of the Naef Immobilier group, will joins its board of directors.
Founded in 2015 in Geneva, Homenhancement company offers furnished accommodation for a temporary period ranging from a minimum of one month. Its rental stock consists of 450 apartments in Geneva and Lausanne, ranging from studios to four-bedroom apartments. All are rented fully equipped and furnished.
Moussa Samake, COO of Homenhancement, said: “We work both with employees of multinationals who transfer staff to Switzerland and with local residents looking for a temporary solution, for example in the event of construction.”
For Naef Immobilier, this equity investment strengthens the group’s range of activities, which brings together property management, brokerage, PPE administration, and development management.
“We are happy with this agreement, which reflects a shared vision. We find ourselves in the commitment, personality and dynamism of Homenhancement, as well as of its leaders. By supporting its development, we are adding a new skill that complements our real estate services and we can contribute to the growth of this promising startup,” said Etienne Nagy, CEO of Naef Immobilier.
Gaël Constantin, co-founder and CEO of Homenhancement, added: “I am very happy and proud to be able to back Homenhancement with a historic real estate group such as Naef. This merger opens up new growth prospects for us, resulting from the group’s expertise and network. With the recent opening of 54 new apartments in Lausanne, Homenhancement now wishes to accelerate its establishment in other regions of Switzerland.”
