Berninvest brings Good Buildings SREF to the stock exchange
The Good Buildings SREF real estate fund is scheduled to be listed on the SIX Swiss Exchange as of September 26, 2019.
Berninvest reports that due to the court vacations, the publication deadline for the fund contract amendments will be extended until September 11, 2019. The listing of the fund units is then scheduled to take place on September 26, although the Financial Market Authority still has to approve the necessary fund contract amendments.
The fund will be included in the SXI Real Estate Broad as well as the SXI Real Estate Funds Broad upon listing, the statement added.
Good Buildings SREF was launched in 2011; it develops and manages real estate in Switzerland under the fund management of Berninvest. The fund invests in new construction projects and existing properties with renovation potential. The investment objective is long-term value preservation and the distribution of stable income.
Until now, the fund has been reserved for qualified investors, but with the listing it will also be open to private investors in the future. Through the listing, investors would benefit from increased liquidity and standardized trading of their fund units, Berninvest said. (ah)
