SF Sustainable Property Fund: Six percent investment return
The SF Sustainable Property Fund increased its investment return in fiscal 2016 compared with the previous year. The fund returned six percent, compared with 4.5 percent in the previous year.
In the 2016 financial year, the SF Sustainable Property Fund increased the total value of its portfolio by around 40 percent to CHF 485.3 million (previous year: 344.5 million). Rental income increased to 18.4 million (previous year: 12.6 million).
Realized income rose by 56.9 percent or 4.1 million to 11.3 million in the reporting period compared with the same period of the previous year. The fund management cites the increase in income from real estate as a result of several acquisitions in the past 18 months as the main reason for the rise. Rental income rose by 5.8 million to 18.4 million.
Net fund assets increased from 286 to 404 million in the reporting period - mainly due to the proceeds from the capital increases amounting to 113.7 million as well as the overall profit generated (19.6 million).
At the beginning of 2017, the SF Sustainable Property Fund acquired further investment properties, and the fund's investment value subsequently exceeded the 500 million mark. The fund management's goal is to further reduce vacancy rates, and three properties are again to be refurbished for energy efficiency. The new construction project in Dulliken (SO), which was notarized in December 2016, is expected to be ready for occupancy in July 2017, the statement continues.
