Swiss Prime Investment Foundation expands its portfolio
Four properties belonging to the Müller Martini Zofingen pension fund were acquired as a contribution in kind.
The Swiss Prime Investment Foundation (SPA) is acquiring four properties worth CHF 26 million for its SPA Real Estate Switzerland investment group, as announced by the investment foundation. The properties were transferred to the investment group as part of a contribution in kind from the Müller Martini Zofingen pension fund.
According to the press release, these are two properties each in the cantons of Aargau and Lucerne with a total of 66 apartments that are "practically fully let". One property is located in Nebikon (LU). It was built in 2014 and has a Minergie P-Eco label, a groundwater heat pump and a photovoltaic system, according to SPA.
"The PVS Müller Martini portfolio fits ideally into the existing portfolio due to the large residential component of 92% and the regional allocation," says Jérôme Baumann, Chairman of the Board of Trustees and Delegate of the Swiss Prime Investment Foundation.
SPA also reports that the SPA Real Estate Switzerland investment group closed the first half of 2023 with a cumulative investment return of 0.89%. The cash flow yield is reported to be 1.65%. The market value of the real estate portfolio amounts to CHF 3.89 billion. (ah)
