Avobis launches residential real estate fund

Avobis Invest AG, a member of the Avobis Group, is launching its first real estate fund, Avobis Real Estate Funds SICAV. The sub-fund, Avobis Swiss Residential Real Estate Fund Pension, will invest in fully rented, new residential properties in Switzerland, the company says. Among other things, the portfolio will be built up with special consideration of the expected future regulations in the field of construction and environmental protection. In this way, Avobis Invest wants to ensure that the properties meet the most important criteria in terms of building efficiency and CO2 emissions, for example, and that no major investments will be necessary in the medium term.

"The aim of the investment strategy is to generate a stable and sustainable distribution for the investor in line with the market and risk, while maximizing value stability," says Frédéric Königsegg, Head Investment Products at Avobis.

The Avobis Swiss Residential Real Estate Fund Pension subfund is aimed at qualified, tax-exempt occupational pension institutions as well as qualified, tax-exempt social security and compensation funds. The issue volume is expected to be between CHF 60 and 80 million.

The subscription period runs from June 1 to July 1, 2022, and the payment is scheduled for July 7. Fund management has been delegated to PvB Pernet von Ballmoos AG, while Avobis Invest is responsible for asset management. (ah)