Patrimonium AST: Fresh capital for two investment groups

Patrimonium Investment Foundation completed the announced capital increases for the residential and healthcare real estate investment groups in October. The target volume for the "Residential Real Estate Switzerland" investment group was significantly exceeded with capital commitments of CHF 104.5 million. A target of CHF 50 million had been set in August. "The excellent result is due to the improved market environment for Swiss residential real estate, the investment foundation's long-standing track record and the investment group's attractive development pipeline," writes Patrimonium AST. The capital increase is intended to finance the current complete renovation projects in Basel, Muttenz and Bellinzona as well as the development pipeline and the realization of acquisitions.

Capital commitments of CHF 26.6 million were received for the "Healthcare real estate Switzerland" investment group. The target volume here was also CHF 50 million. "The funds will be used specifically to support the ongoing growth strategy and finance projects such as the new buildings for retirement apartments in Kriens and a healthcare center in Bülach," it says. In addition, there are expansion and development projects such as the Hôtel au Parc Fribourg (FR) and in Ingenbohl-Brunnen (SZ) and En Chise in Crissier (VD) with a total investment volume of over CHF 100 million. (aw)