Realstone: Portfolio grows by property in Gland
The Realstone RSF fund has a new property in Gland (VD) in its portfolio. The property has 33 apartments that have just been completed.
The new property has a rental income of just over CHF 1 million. With total costs of CHF 17.60 million, this results in a gross return on cost of 5.77%.
The property passed into the ownership of the RSF in December. The apartments have 2.5 to 4.5 rooms, and the location at 5 Rue de la Paix is close to the SBB train station. In addition to the 2,670 sq. ft. of residential space, which is almost fully leased, the property also offers 200 sq. ft. of commercial space on the first floor.
The residential building was built with Minergie-P label and has a photovoltaic system with a total output of 30 kW on the roof. There is also a connection to a district heating supply from deep geothermal energy. (aw)
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