Swisscanto fund invests in St. Gallen
The Swisscanto (CH) Real Estate Fund IFCA has purchased two residential properties in the Bruggen district of St. Gallen.
Like Swisscanto communicates, the Swisscanto (CH) Real Estate Fund IFCA the both redeveloped Residential properties As of 1. June 2020 acquired. The apartment buildings were built in 1987 and completely renovated in 2020. They comprise a total of 18 residential units (4.5 and 5.5 rooms) and 20 parking spaces. According to the information, the apartments are positioned in the middle price segment.
According to the information, the properties are in a good location in the Bruggen district; there are various shopping facilities, and the location is also very well connected to public transport and the freeway.
The gross return on acquisitions was 4.0% with total investment costs of CHF 10.4 million. (ah)
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