SPS Fund expands portfolio
The Swiss Prime Site Solutions Investment Fund Commercial is taking over two properties in Ticino by means of a partial contribution in kind.
Swiss Prime Site Solutions Investment Fund Commercial (SPSS IFC) is acquiring two properties in Stabio in the "Ticino Fashion Valley" as part of a partial non-cash contribution from VF Corporation Group. According to Swiss Prime Site Solutions, these are modern, multifunctional research and development buildings in which VF Corporation has established its headquarters for the EMEA region.
A long-term triple-net green lease contract with a term of 15 years plus extension options has been agreed, Swiss Prime Site Solutions announced. The fund thus gains a new investor and a long-term tenant.
The SPSS IFC received new money of over CHF 92.3 million in fiscal year 2022. As of January 2023, the fund holds a portfolio of 18 properties with real estate assets of CHF 440 million. (ah)
