Swiss Prime Investment Foundation: "Promising first half-year".
Swiss Prime Investment Foundation announces a further issue for the SPA Real Estate Switzerland investment group. The SPA Living+ Europe investment group remains open for subscriptions.
According to the Swiss Prime Investment Foundation (SPA), the "SPA Real Estate Switzerland" investment group closed the first half of 2021 with an investment return of 3.28 percent (H1 2020: 1.66%), the best half-year return since its launch. According to the data, transactions and project investments during the reporting period led to an increase in the fair value of the real estate portfolio to CHF 2,800.6 million (2,311.2 million); the vacancy rate stood at 3.34 per cent (4.17%). The overall portfolio recorded a strong net appreciation of CHF 33.8 million due to positive developments in new construction projects and marketing successes.
In the first half of 2021, the SPA concluded transactions in the amount of CHF 118 million. Four properties were transferred to the portfolio of the "SPA Real Estate Switzerland" investment group: the Viktoria old people's centre in Berne, which is rich in traditionThe company also owns five apartment buildings in Schüpfheim, a mixed-use property in a prime location in Wollerau, and a new construction project in the senior living sector on Lake Neuchâtel.
A first transaction has been concluded for the "SPA Living+ Europe" investment group, which will be launched at the end of 2020, Swiss Prime AST added. The acquisition comprises five retirement and nursing care properties in Germany with a total of 254 apartments and 204 nursing beds in the assisted living segment.The market value of the portfolio amounts to CHF 43.6 million. The transaction resulted in an investment return of 4.40 percent. The portfolio of the "SPA Living+ Europe" investment group is to be further expanded and diversified over the course of the year.
Swiss Prime AST intends to conduct a further issue for the "SPA Real Estate Switzerland" investment group from 1 September to 15 October 2021; details will be communicated shortly.
The SPA Living+ Europe investment group remains open for subscriptions and new capital commitments can be submitted at any time. (bw)
