Realstone Development Fund doubles dividend
Realstone has announced that it will pay a gross dividend of CHF 3.80 for its Realstone Development Fund (RDF) real estate fund. This is twice as much as in 2018.
The doubling of the dividend is to apply to fiscal 2019 and subsequent years as well, Realstone informs. The fund's net income reportedly increased by 44.7% in the first half of the year, and operating results would also show a significant year-on-year increase. In addition, "a considerable profit" was recently realized on the sale of a property, the fund's management added.
It is further reported that in the Arsenaux development in the center of Fribourg, 94% of the 234 rental apartments there will be occupied by March 31, 2020. Construction work has also begun on the complex in Horgen Oberdorf A & C (ZH). Here, 211 apartments are being built; a first handover is expected in early 2021. In order to generate the necessary funds to finance the project itself, a property in Tour-de-Peilz had been sold. (ah)
