Pure Swiss Opportunity buys mixed-use property in Zug
The Pure Swiss Opportunity REF (PSO) fund has acquired a mixed-use property in Zug for CHF 25.35 million with the funds from the October capital increase.
The property is located at Gotthardstrasse 14 and 16 and is adjacent to the train station. It comprises 12 apartments with 1 to 2.5 room studios and also houses five offices, a healthcare practice and 30 parking spaces. 27% of the rental space is in the process of being core renovated and re-leased. The guaranteed minimum rental income is CHF 772,000, which corresponds to a gross yield of 3.1%. Further rental potential will be leveraged over the course of the next year, it says.
The purchase was made in an off-market transaction, informs the fund management Pure Funds AG. The proceeds of the capital increase were combined with a partial capital contribution.
The portfolio volume of the PSO increases to a market value of CHF 98.9 million after settlement of this transaction. (aw)
