Swiss Prime AST grows through contribution in kind from a pension fund
The "SPA Real Estate Switzerland" investment group is acquiring five residential properties from the pension fund of Dätwyler Holding AG worth around CHF 48 million.
The five properties with purely residential use are located in Altdorf (UR), Crissier (VD) and Reinach (BL). According to the information provided, the well-maintained properties have 139 apartments with just under 10,000 square meters. The properties are practically fully let with a vacancy rate of 1.8%. The transfer of ownership will take place retroactively as of January 1, 2024.
With the contribution of the properties, the residential share of the investment group has increased by around 0.5% to over 56%. "In addition, strategically interesting regions in which the SPA was not previously invested have been opened up," writes Swiss Prime AST in a press release. "The PK Dätwyler portfolio fits ideally into the existing portfolio due to the large residential component of 88% and the regional allocation," says Jérôme Baumann, Chairman of the Board of Trustees and Delegate of the Swiss Prime Investment Foundation.
With the contribution of the properties, the pension fund of Dätwyler Holding Inc. will become one of the larger investors. (aw)
