1291 Investment Foundation launches new investment group
1291 The Swiss Investment Foundation has received capital commitments of CHF 55.7 million for its Sustainable Real Estate Projects Switzerland investment group launched in July.
According to 1291 Swiss Investment Foundation, capital commitments totaling CHF 55.7 million were received from more than ten investors in the first subscription period. The focus of the new investment group is on investments in new construction projects throughout Switzerland, particularly in medium-sized and large Swiss centers and their agglomerations.
With a develop-and-hold investment strategy, the aim is to build up "a long-term, sustainable portfolio with at least 60 percent residential use," the investment foundation adds. The focus is on the development and realization of sustainable construction projects with attractive value creation potential. The portfolio will be mixed, comprising mainly (future) residential properties and also properties with (future) commercial use. The initial portfolio of the new investment group consists of two new construction and development projects in Effretikon (ZH) and Wil (SG) with an expected investment value of around CHF 175 million.
