Bonhôte-Immobilier: Investment fund increases total assets
As at 30 September 2017, the Bonhôte-Immobilier investment fund had total assets of over CHF 937 million (30.9.2016: just under CHF 922 million). This is shown in the semi-annual report that has just been published.
According to Bonhôte-Immobilier's issuing prospectus, investors were able to choose between a cash dividend and new fund units for the first time this year. "The payment in the form of units is a unique solution and a first for a real estate fund," it says. More than 53 percent of unitholders took their dividend in the form of units, representing 86,953 new units. This transaction enabled the investment fund to raise funds amounting to around 10 million. The dividend for the 2016/2017 financial year (as at 30 March 2017), which was higher than the previous year, amounted to CHF 3.14 (previous year: 3.11) per unit and was distributed on 7 July 2017.
In July 2017, Bonhôte-Immobilier acquired a plot of land in the east of the city of Neuchâtel with a residential project and a valid building permit. According to the investment fund, the planned 15 apartments in condominium ownership will have "an ideal location with shopping facilities in the immediate vicinity and a wonderful view of Lake Neuchâtel". Future buyers will be able to move into the 4.5- and 5.5-room apartments at the beginning of 2019. The total investment amounts to around 13 million. According to the postulate, the fund reserves the option of retaining around a third of the apartments in its portfolio as investment properties, depending on the development of the local market, as it says in the half-yearly report.
Bonhôte-Immobilier is a Swiss investment fund launched in October 2006. It invests in residential, mixed residential and commercial properties and, to a lesser extent, commercial properties in Switzerland, mainly in the French-speaking part of the country.
