New real estate and finance platform

Well Be Fund SCS SICAV-SIF, established under Luxembourg law and authorized by the Luxembourg supervisory authority CSSF (Commission de Surveillance du Secteur Financier), creates real estate for people with special needs. According to a statement from Zurich-based Well Be GmbH, whose management team includes finance and real estate expert Roger L. Harrisberger and healthcare consultant Oliver Kaube, the portfolio will include healthcare projects, Medical Well Be resorts, Medical Well Be centers and senior residences throughout German-speaking countries. They say the range of services includes project development, financing, architecture, interiors, execution and medical aspects.

The new platform targets institutional investors and is said to generate "above-average returns in project development". Partners are the banks and fund service providers Pictet and Hauck & Aufhäuser, the latter of which is Chinese-owned; later, the aim is to attract investors from the Asian region as well.

Now that the CSSF has approved the project, it's time for concrete implementation, says Martin Blättler, president of the Well Be Fund: "We've been putting out feelers for a number of projects in Switzerland, Germany and Austria for some time, and we're now submitting them to our fund manager Hauck & Aufhäuser for review."  (bw)