Admicasa has launched its first real estate fund
Immediately after its launch, the Admicasa Real Estate Fund acquired three properties in Yverdon.
The Admicasa Real Estate Fund, the first real estate fund from the Admicasa fund management company founded in October, has now been launched on the market. According to Admicasa, the fund invests in properties in prime locations in the agglomeration that offer attractive entry prices, appreciation potential and high cash flow yields.
One day after the launch, the fund made its first investments. These are three properties in Yverdon (VD), which were acquired for around CHF 25 million. The properties are located directly next to Yverdon train station and comprise almost 3,000 square meters of usable space, the fund management announces. The buildings offer ten apartments and commercial premises "with top tenants", Admicasa added. The rental income amounts to just under CHF 1.1 million and the gross yield is 4.3%.
"With this transaction, we have provided proof of concept despite difficult circumstances," says Peter Csoport, CEO of Admicasa Fondsleitung AG. Further properties are already in the pipeline. (ah)
