Sustainable Real Estate: New fund focuses on timber construction

Sustainable Real Estate Investments SICAV is planning to launch a "Sustainable Real Estate Wood" sub-fund for qualified investors. The vehicle is intended to build up a residential real estate portfolio consisting primarily of new buildings in timber construction. The subscription period runs from November 8, 2023 to December 4, 2023, with a value date of December 7. The subscription volume of the initial issue has been set at CHF 50 million to CHF 100 million. The details of the initial issue will be announced on November 3, 2023.

"The demand for additional living space in Switzerland is unbroken. Compared to conventional construction methods, new timber buildings contribute to a reduction in gray energy and gray greenhouse gas emissions," says Marco Scheurer, Managing Director of Sustainable Real Estate AG. (aw)