Procimmo Real Estate changes fund management company
Solutions & Funds will take over the fund management of the real estate fund from next year. There will also be a change of audit company.
The Board of Directors of Procimmo Real Estate Sicav has terminated the management agreement that binds the investment vehicle to Caceis Switzerland, effective December 31, 2022. This step had been announced in June this year. Solutions & Funds SA will take over the mandate. According to Procimmo, the fund management change was approved by the financial regulator Finma on November 29.
With the change of the fund management, the Sicav also makes the change of the auditing company: PwC Geneva will replace KPMG in the role of auditor body, Procimmo said. This change will also take place on January 1, 2023. (ah)
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