UBS Direct Urban to go public

UBS Direct Urban thus becomes the second UBS direct-investing real estate fund to be made available to a broad public.

UBS Direct Urban was launched in 2012, and even then part of the concept was a medium-term listing on the SIX Swiss Exchange in the SXI Real Estate Funds segment.

The fund invests in existing properties and new construction projects throughout Switzerland. It primarily acquires properties in urban areas. As of June 30, 2015, UBS Direct Urban held properties with a fair value of CHF 233.8 million. The current portfolio consists of ten properties spread across seven cantons in Switzerland. (ah)