Realstone-AST buys ten properties
The portfolio of the Realstone Residential Real Estate Switzerland investment group grows by ten properties in eight cantons. The purchase price was in the high double-digit million range.
The Realstone Investment Foundation is expanding the portfolio of its Realstone Residential Real Estate Switzerland (RIRS) investment group. According to the investment foundation, ten additional properties in eight different cantons have been acquired at a purchase price of CHF 82.10 million.
Five of the new acquisitions are located in Western Switzerland (Martigny/VS, Payerne/VD, Villars-sur-Glâne/FR, Vevey/VD and Yverdon-les-Bains/VD), and the remaining five in German-speaking Switzerland (Basel, St. Gallen, Glarus, Emmenbrücke/LU and Oftringen/AG). The properties comprise a total of 224 residential units and are reportedly well connected to public transport, stores and other amenities.
According to Realstone AST, the properties have an average gross yield of 3.92% and a rental reserve of up to 31%, which is realized through renovations when tenants change.
The investment group's portfolio now consists of 24 properties in nine cantons with a total value of CHF 274.14 million. They generate a rental income of CHF 10.61 million, of which CHF 3.22 million is attributable to acquisitions. In line with the strategy, the geographical focus is on Western Switzerland (share 82%). (ah)
