Swiss Prime Site Solutions builds up fund management
The Swiss Prime Site Group wants to grow significantly in real estate asset management. For this reason, Swiss Prime Site Solutions is to expand its product range and also launch fund products from 2021.
Swiss Prime Site Solutions aims to strengthen its market position in the area of Real Estate Asset Management & Services and to expand it significantly in the coming years, the company says. Assets under management are to grow to around CHF 7 billion. By 2025, the real estate asset manager should generate an EBIT contribution of CHF 30 million and thus compensate for the sale of the Group company Tertianum, it adds.
In order to expand its product base, Swiss Prime Site Solutions is setting up its own fund management company. The application for the corresponding authorisation from FINMA is being prepared. From 2021, the company intends to launch fund products and exploit existing synergies with Swiss Prime Site Immobilien.
Swiss Prime Site Solutions has been managing the real estate portfolio of the Swiss Prime Investment Foundation since 2017. Since its launch, the first SPA Real Estate Switzerland investment group has reached total assets of around 2.4 billion (as at 30 September 2020). In addition, the SPA Living+ Europe investment group was launched on 1 October. This group invests in European properties with various types of residential use - with a focus on senior living. Further investment groups are to follow from 2021, Swiss Prime Site Solutions further announces. (ah)
