Patrimonium fund continues to grow
As of September 30, 2017, the Patrimonium Swiss Real Estate Fund increased the total value of its real estate assets by around nine percent to CHF 771 (9/30/2016: 705) million.
As can be seen from the results now presented for the first half of the 2017/2018 financial year, the Patrimonium Swiss Real Estate Fund comprises 50 residential properties, seven mixed-use properties, five commercial properties and one new construction project. The net asset value increased from CHF 126.09 (after distribution) to CHF 129.01 during the year. The leverage ratio as of September 30 of this year was 28.32 compared to 25.31 percent a year earlier. Patrimonium states the average interest rate as currently 1.71 percent
As of May 11, 2017, the real estate fund acquired a property in Villars-sur-Glâne (FR) for 8.9 million and, as of July 28, 2017, part of the new construction project Oassis in Crissier (VD) for 5.5 million. With a new construction project in Montreux (VD) and the development potential of the "Spinnerei an der Lorze" site in Baar (ZG), the company also has "attractive growth potential," according to Patrimonium.
The real estate fund invests in residential and mixed-use properties, with a focus on residential properties in the lower and medium rental price segments, predominantly in the Lake Geneva region and on the Fribourg, Berne, Basel and Zug axis.
