The Swiss Residential Properties investment group made a contribution in kind to the pension fund of HERZOG Bau und Holzbau AG for a residential property portfolio in the canton of Bern. The transaction volume amounted to CHF 10 million, and the total return was approximately 5%. Following this transaction, the investment group’s portfolio grew to around CHF 550 million.
The portfolio includes 42 apartments. The buildings, which were constructed between 1975 and 1998, are in excellent condition; they have substantial rental reserves and major potential for densification.
Mr Aebersold, manager of the HERZOG Bau und Holzbau AG pension fund said, “The cooperation during the transaction phase was both professional and enjoyable”.