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Real Estate Advisory for property projects that go beyond a transaction.

Whether acquisition, development, financing, leasing or sale: smzh guides property projects through the critical junctures. Economically, in construction law, fiscally and operationally. So that potential becomes resilient structures, sound decisions and stable value.

Real Estate Advisory for property projects that go beyond a transaction.
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Property value emerges when object, structure and capital fit together.

From property access to exit, we assess whether a property can become a viable investment basis. What matters is which use is sustainable, which structure works, which capital fits and when implementation, leasing or sale become worthwhile.

01

Property access determines the quality of the starting point.

Whether a plot of land, existing property or off-market opportunity: we assess whether location, substance, building law and market allow for realistic potential.

02

Feasibility separates an idea from a viable project.

We assess whether building law, demand, costs, returns and risks align. Only from this does a viable project or investment basis emerge.

03

The usage concept determines demand and return.

We assess which use fits the location, the target group and the return logic. Only when this logic holds does the capital strategy work.

04

Structure makes complexity manageable.

Ownership, financing, project organization, partners and decision paths must be ordered early on. Only then does a project remain financeable, manageable and implementable.

05

Permit eligibility creates planning security.

Permit procedures affect timeline, costs and project security. We clarify requirements, risks and room for maneuver early on.

06

Capital structure determines flexibility, risk and return.

Equity, debt, investor structure and timing influence return, risk and room for maneuver. The capital structure must fit the strategy and the project phase.

07

Implementation turns planning into commitment.

Planning, partners, decisions and execution must be brought together. Otherwise even a good project remains theoretical.

08

Leasing shows whether use, quality and price are right.

Stable rental income arises when location, use, quality and price align. Leasing is therefore a central test of the investment basis.

09

The exit determines capital lock-up and realized value.

Whether holding, selling, partial sale or repositioning makes sense depends on market, capital requirements, risk and value potential.

Experience from over 50 managed property projects.

Our references range from plots of land and existing properties to developments, financings and transactions. They show how smzh tests potential, creates structures and guides property projects through to completion.

50+

managed property projects

75,000 m²

of land and development area

663

residential units in planning, implementation and realization

106

completed units

155

units in execution

65

approved units

337

units in planning stage

Selected reference projects.

A plot of land is not yet a project. An existing property is not yet an investment basis. A permit is not yet an exit. Our references show how smzh turns different starting positions into resilient property decisions.

Killwangen AG, 2 Mehrfamilienhäuser
Killwangen AG, 2 apartment buildings

Over four years, a challenging plot directly by the station became an institutional capital investment with 58 residential units. The sale to a Swiss pension fund shows that structure, quality and documentation meet institutional requirements.

Bremgarten AG, Altstadt
Bremgarten AG, old-town property

A listed old-town property is being fully renovated in keeping with its heritage status: 5 high-quality rental apartments above a modernized restaurant incl. take-away restaurant, in execution.

Bremgarten AG, Hotel conversion
Bremgarten AG, hotel conversion

A former hotel in a listed old-town property is being fully renovated: 16 furnished rental apartments above two restaurants, in execution.

Küsnacht ZH, MIRAGE
Küsnacht ZH, MIRAGE

A listed single-family house in Küsnacht is being transformed into a spacious villa with lake views – developed in keeping with its heritage status, in the luxury segment, in execution.

Küsnacht ZH, HIDE
Küsnacht ZH, HIDE

Five owner-occupied apartments in the upmarket residential segment on the hillside in Küsnacht, with views of Lake Zurich – developed with the buyers from the outset, in execution.

Where smzh guides property projects.

smzh supports owners, developers and investors at the critical junctures along the property lifecycle – from property access and feasibility to structure, capital, implementation, leasing and sale.

Strategic assessment
Strategic assessment

We assess which use, structure and capitalization are viable for a property project – and what next steps are next.

  • Assessment of object, location, use, economic viability & risks
  • Development of resilient decision-making & implementation bases
  • Assessment of structure, financing, permitting & exit options
Capital and financing
Capital and financing

We structure financing, equity and capital partners so they fit the project phase, the risk and the intended holding period.

  • Structuring of equity, debt & financing partners
  • Preparation of resilient financing bases & support in financing negotiations
  • Assessment of existing financing with regard to risk, cost & room for maneuver
Development and implementation
Development and implementation

We guide property projects through the relevant project phases – from planning through permitting to implementation.

  • Management of new-build, conversion & renovation projects
  • Coordination of owners, planners, authorities, banks & other project partners
  • Management of quality, deadlines, costs and decisions throughout implementation
Transaction and exit
Transaction and exit

We assess purchase, sale, partial sale or repositioning as a capital decision – with a view to market, risk and value potential.

  • Assessment of purchase, sale & repositioning options
  • Structuring of transactions from financial, fiscal and strategic perspectives
  • Approaching suitable buyers, investors or financing partners, provided the starting position is sound

Which decision is coming up for your property project?

Whether existing property, development, financing, leasing or sale: smzh assesses your starting position and shows you which next steps matter for structure, capital, implementation or sale.

The smzh Real Estate Advisory Team.

CEO & Partner, Member of the Executive Management

Gzim Hasani

CEO & Partner, Member of the Executive Management

Fredi Pfammatter

Fredi Pfammatter

Head of Corporate Clients & Mortgages and Partner, Member of the Executive Management

Rafael Szucs

Rafael Szucs

Head of Key Clients & Corporate Finance, Member of the Extended Exec. Management

Peter Funke

Peter Funke

Builder Representative & Project Coordinator

Giau Nguyen

Giau Nguyen

Builder Representative & Project Manager

Brochures and publications.

Redefining Real Estate Advisory
Redefining Real Estate Advisory

A property is not a strategy. It becomes one when financing, ownership, cash flow and potential are actively managed.

Outlook Real Estate Market Q3 2026
Outlook Real Estate Market Q3 2026

Our outlook provides an assessment of the key developments on the Swiss real estate market – including regulation, demand, supply, and regional challenges.

Mortgage Radar – October 2026
Mortgage Radar – October 2026

The Mortgage Radar provides a perspective on the interest rate environment, SNB decisions, fixed-rate mortgages, and financing conditions – with a focus on their impact on real estate-related decisions.