Swiss Estates: Pension fund increases stake
The ALSA PK independent collective foundation from Neuhaus now holds 101,120 registered shares in Swiss Estates AG, which corresponds to 3.53 percent of the voting rights.
Swiss Estates, which is listed on the BX Berne eXchange, focuses on investments in residential properties in the urban areas of Switzerland, including the conurbations of the larger cities. Residential properties with 20 or more rental units are acquired on an opportunistic basis, held for the long term and developed further. The registered shares acquired from the ALSA pension fund have a nominal value of CHF 9.80 each.
Udo Rössig, CEO of Swiss Estates, explains: "The fact that another pension fund has decided to build up a significant holding in Swiss Estates and to manifest this by exceeding the statutory reporting threshold of three percent confirms the trend that institutional investors regard our securities as an interesting investment. So far, the majority of qualified institutional investors have invested below the legal reporting threshold.
The real estate company had - as reported at the beginning of October - was able to increase its net rental income to over three million in the first half of 2017 compared to the previous year. The property portfolio at market values (as at 30 June 2017) amounted to 161.3 million. This was expanded in September by means of acquisitions to just under 250 million.
