Truststone: Strong portfolio expansion

Truststone Real Estate SICAV has increased the market value of the portfolio by almost 15 million since its launch due to new acquisitions and developments in the portfolio, a growth of more than 20%. Annual rental income increased by more than CHF800,000, up 35% from current annual income, according to Patrimonium Asset Management. A capital increase of 25 million is planned in October to support further growth.

The Truststone Real Estate SICAV was launched in October 2020 with five properties and a total of eleven buildings in the portfolio. In recent months, the fund has completed two real estate transactions: In April 2021, the fund acquired a residential and a commercial building in Muttenz (BL) with an estimated value of CHF 11.48 million. The annual rental income is CHF 645,000. In May 2021, Truststone completed the purchase of a mixed-use building in La Conversion (VD). According to Patrimonium, the property is worth CHF 3 million and generates annual rental income of CHF 136,000.

Final negotiations are currently underway for the acquisition of three further properties in western Switzerland - in the cantons of Vaud and Fribourg - in the fourth quarter of 2021. According to Patrimonium, these are two residential properties and one commercial property, with a potential investment volume of around EUR 18 million. (ah)