Second issue of the "SPA Living+ Europe" investment group
The Board of Trustees of Swiss Prime Investment Foundation has decided to open the "SPA Living+ Europe" investment group for a further issue.
On 1 October 2020, the new investment group "SPA Living+ Europe" was launched, which invests in European properties with various types of residential use. The managing director and issuing partner of the investment group in Switzerland is Swiss Prime Site Solutions AG; Capital Bay was commissioned for asset management in the European market. The first issue was successfully completed on 22 December 2020, and the inflow of new client funds amounted to CHF 38.0 million. The Board of Trustees of Swiss Prime Investment Foundation has decided to open the investment group for a further issue. The subscription period began on 25 February 2021 and ends on 9 April 2021.
With a senior living portfolio in Germany, the first investment is about to be closed. According to Swiss Prime Investment Foundation, the contract is scheduled to be signed in the next few weeks. The portfolio comprises eight retirement and care facilities in Berlin (2), Eberswalde, Cottbus, Dresden, Chemnitz, Gotha and Freudenstadt. The facilities will be operated by two different specialists. The investment volume amounts to about CHF 110 million. The target net rental income yield is put at around 4.7 per cent.
The further transaction pipeline currently includes properties worth more than CHF 300 million, the statement continues. (bw)
