As part of the continuation of its growth strategy, the listed Patrimonium Swiss Real Estate Fund (SIX: PSREF) benefited from the attractive investment environment in the first half of 2024 and acquired three residential properties (92 flats, total area 7,700 m2) in Lausanne (VD), Cheseaux-sur-Lausanne (VD) and Yverdon-les-Bains (VD) with a total value of around CHF 40 million.
The residential properties are centrally located in the immediate vicinity of shopping facilities and public transport. They are well maintained and have attractive rental reserves as well as potential for improving the energy balance and reducing CO2 emissions, particularly through district heating connections.
These acquisitions increase the fund’s Vaud portfolio share by 10% to a total of 39%, while the residential share rises to 78%.
The Patrimonium Swiss Real Estate Fund, which was established in 2007, invests strategically in the mid- and low-rise residential sector in the most important Swiss agglomerations with a focus on western Switzerland and has assets of over CHF 1.2 billion as at 31 March 2024.
Patrimonium Swiss Real Estate Fund (SIX: PSREF)
Patrimonium Swiss Real Estate Fund (SIX: PSREF) ) is a real estate fund under Swiss law in accordance with the Federal Act on Collective Investment Schemes of 23 June 2006 and is authorised by the Swiss Financial Market Supervisory Authority FINMA. The fund management company is Patrimonium Asset Management AG, Baar; the custodian bank and paying agent is Banque Cantonale Vaudoise, Lausanne. The fund contract, the prospectus, the key information document and the latest annual report are available free of charge and on request from the fund management company and the distributors. The information contained in this document serves as marketing material. Information on the past performance of individual securities is not necessarily representative of future performance. All performance figures are not guaranteed. The performance data does not take into account the commissions and fees charged on the issue and redemption of units.
Patrimonium Asset Management AG
Patrimonium Asset Management AG (‘Patrimonium’) is a fund management company authorised by the Swiss Financial Market Supervisory Authority (FINMA) and specialising in private markets. Patrimonium offers qualified and professional investors investment opportunities in property, private credit, private equity and infrastructure. Patrimonium manages assets of CHF 4.5 billion and has 70 professional employees in Lausanne-Crissier, Zurich and Baar.
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