Ebikon: Immofonds Suburban buys 32 apartments
The Immofonds Suburban grows through the contribution in kind of a pension fund by an apartment building in Ebikon (LU).
The fund management company Immofonds Asset Management AG is acquiring a residential property in Ebikon (LU) from a Swiss pension fund for the real estate fund Immofonds Suburban by way of a contribution in kind. The transaction reportedly increases the value of the fund's real estate portfolio to around CHF 94 million with a residential component of 80%.
The acquired property was built in 1968 and renovated in 2002. It comprises 32 rented apartments. The apartment mix ranges from 3.5- to 4.5-room apartments. The apartment building is located in a quiet residential area, is very well connected to the public transport network and could be connected to the district heating network in the medium term, according to the statement.
The Suburban real estate fund invests outside the major centers and had a real estate portfolio with a market value of CHF 81 million at the end of 2022. (aw)
