Patrimonium Urban Opportunity: Stock exchange listing with CHF 222 million portfolio
Patrimonium Urban Opportunity AG (Paturbo) has been listed on the BX Swiss stock exchange since July 18. Paturbo owns nine properties with a value of CHF 222 million.
The company specializes in the acquisition, development and active management of opportunistic real estate throughout Switzerland. The regional focus is currently on Vaud (43%), Geneva (29%) and Zurich (28%). Slightly more than half of the leasable area of 78,974 sqm is office space (53%), while the remainder is retail (23%) and logistics and industrial properties (24%). The vacancy rate was 6.27% as of December 31, 2021. The portfolio has an average remaining lease term of 7.71 years. Since Q1, there has been a building permit for a further office building in Bussigny near Lausanne with planned completion in 2024. Dividend distributions are not planned in the coming years; instead, the proceeds from the portfolio are to be reinvested.
The company is managed by Christoph Syz, CEO of Patrimonium Asset Management, which also provides asset management services for Paturbo.
Patrimonium Asset Management AG, based in Baar, is a Swiss fund management company with CHF 4 billion in assets under management and 70 employees. (aw)
