SF Sustainable Property Fund cracks billion mark
The SF Sustainable Property Funds real estate fund increased its market value to over CHF 1 billion in the first half of 2019 due to acquisitions.
The SF Sustainable Property Fund acquired ten properties with a total market value of 75.7 million in the first half of the year. As at June 19, 2019
the market value of the portfolio rose to 1,002.8 million after 927.1 million at the end of 2018.
The acquisitions will increase the target rent by CHF 3 million. According to the fund management company, the properties are in "very attractive macro and micro locations" and are in good condition. The gross yield of all properties averages 4.17%.
The fund made purchases in Felben-Wellhausen (TG), Lausen (BL), Basel, Aesch (BL), Aarau (AG) and Liestal (BL) as well as in Oftringen (AG), Versoix (GE) and Olten (SO). Of the ten acquisitions, six properties meet the GEAK sustainability standard.
The SF Sustainable Property Fund invests in real estate and projects throughout Switzerland, primarily in properties that are located within
The fund's ecological, sociological and economic criteria can be introduced over a period of around seven years. (ah)
