Patrimonium Investment Foundation increases fixed assets

According to Patrimonium, both investment groups, "Residential Real Estate Switzerland" and "Healthcare Real Estate Switzerland", performed solidly. The group Residential Real Estate Switzerland had recorded the best performance since its launch more than ten years ago.

The investment assets of Residential Real Estate Switzerland reached CHF 787 million (+85 million). The growth was mainly due to investments in ongoing construction projects and the positive performance of the properties, according to the investment foundation. Acquisitions were made last year in Bern and Lugano, the latter acquisition being a contribution in kind from the pension fund of the city of Lugano. The investment return reached 8.18%, the highest since the investment group was launched in 2010, according to Patrimonium.

As of December 31, 2021, the portfolio consisted of 59 existing properties, two new construction projects and one undeveloped property. The share of residential properties amounts to 89%, and slightly more than half of the properties are located in Western Switzerland and the Lake Geneva region. In the first months of 2022, the investment group has made further acquisitions in Muttenz (BL) and Fribourg - here in co-ownership with the investment group Healthcare Real Estate Switzerland.

The Swiss Healthcare Real Estate investment group made three acquisitions in the financial year2021 : a plot of building land adjacent to the existing portfolio property in Brunnen-Ingenbohl (SZ), an existing property in Fribourg, and a new construction project in Kriens (LU). The portfolio has thus grown to 14 properties, consisting of nine completed buildings, three new construction projects and two building land plots. Based on target rental income, the share with medical use is 79% and the share with retirement living is 12%. Hospitals account for just under half of the portfolio. Fixed assets increased by 41 million to 355 million. The return on investment was 5.23%. (ah)