Nova Property lowers fund fee for Swiss Central City
By reducing the annual management and distribution fee from 0.45 to 0.35%, the fund aims to position itself more attractively.
The fund management company of the Swiss Central City Real Estate Fund has reduced the annual fee for the management, portfolio and asset management and distribution of the fund from 0.45 to 0.35%. The measure will come into force in January and will apply "provisionally for two years", according to the statement.
"With this reduction in management fees, we are increasing the attractiveness of the Swiss Central City Real Estate Fund for existing and potential investors," says Marcel Denner, COO of the fund management company. He also points to a very low vacancy rate, new lettings and re-lettings, a high WAULT and falling financing costs. The fund strategy with its focus on prime locations and portfolio management approach will be maintained. (aw)
