- Launch of the first real estate investment fund with a focus on commercial properties in Switzerland
- Access to an attractive seed portfolio
- Initial issue between 1 November 2021 and 10 December 2021
- Roadshows in Zurich, Geneva and Lausanne
Swiss Prime Site Solutions, which has been approved as a fund manager by the Swiss Financial Market Supervisory Authority (FINMA), is launching its first real estate fund on 1 November 2021. «We are convinced that investors will benefit from our broad knowledge, excellent market access and high level of asset management expertise», says Anastasius Tschopp, CEO Swiss Prime Site Solutions.
The Swiss Prime Site Solutions Investment Fund Commercial («SPSS IF Commercial») is a contractual real estate fund under Swiss law for qualified investors resident in Switzerland. The fund primarily invests in commercial properties with a high degree of diversification of tenants with a high credit rating and reputation. The long-term focus of use will be on commercial, office and retail space throughout Switzerland. «Right from the start, the SPSS IFC will offer qualified investors a diversified real estate portfolio in prime locations, with first-class properties and an attractive risk-return profile in the usual Swiss Prime Site quality», says Maximilian Hoffmann, CIO Funds Swiss Prime Site Solutions.
Access to an attractive seed portfolio
With the initial launch, investors will have access to an attractive seed portfolio of seven properties, exclusively available for purchase from Swiss Prime Site Immobilien AG. Further investment opportunities with a current total of around CHF 180 million are in the pipeline, undergoing in-depth acquisition analysis. This would bring the value of the entire real estate portfolio to around CHF 260 million, with a total of 13 properties.
Initial issue starts 1 November 2021
The initial issue starts on 1 November 2021 and continues until 10 December 2021 with a payment date of 17 December 2021. The fund is aimed at qualified investors in Switzerland and will be traded over the counter. Investors can join the initial launch at net asset value.
The fund aims to achieve growth of around CHF 200–300 million per year in line with returns and strategy. The intention is for the fund to be listed on the SIX Swiss Exchange within three to five years.
Roadshows in the subscription period
There will be investor events in Zurich, Lausanne and Geneva that participants can also join online. Further details are available on the following websites with registration for physical or virtual participation.
- Monday, 1 November 2021, 2:00-3:00 pm, Zurich, Prime Tower
https://ifc.spss.swiss/zurich
- Tuesday, 2 November 2021, 8:30-9:30 am, Lausanne
https://ifc.spss.swiss/lausanne
- Wednesday, 3 November 2021, 8:30-9:30 am, Geneva
https://ifc.spss.swiss/geneve
Fund information
Fund name | Swiss Prime Site Solutions Investment Fund Commercial |
Valor / ISIN | 113 909 906 / CH1139099068 |
Legal form | Contractual real estate fund for qualified investors (Art. 25 ff. CISA) |
Investor base | Qualified investors within the meaning of Art. 10 para. 3 CISA in conjunction with Art. 4 para. 3–5 and Art. 5 para. 1 and 4 FinSA who are resident in Switzerland |
Custodian | Banque Cantonale Vaudoise (BCV) |
Valuation experts | PricewaterhouseCoopers AG, Zurich |
Fund management | Swiss Prime Site Solutions AG |
Portfolio management | Swiss Prime Site Solutions AG |
Tradability | Daily over-the-counter trading thrrough BCV |
Auditor | KPMG AG, Zurich |
Accounting year | 1 October to 30 September |
| Appropriation of earnings | Distributing |
| Property | Properties are held directly, which provides a tax advantage for investors subject to taxation in Switzerland |
Issue volume | Max. CHF 250 million |
Fund currency | CHF |
In the launch phase of the fund, discounts are granted (in addition to the graduation from higher subscription volumes) from the issuing commission for a firm commitment to subscribe before the start of the subscription period (pre-commitments), provided that the relevant units are subsequently fully paid up (discount for the investor's willingness to support the fund in the launch phase).
In case of a possible oversubscription (max. CHF 250 million), pre-commitments will be fully allocated.
The fund documentation is available at www.swissfunddata.ch and www.spssolutions.swiss.
if you have any questions please contact
Fabian Linke, Business Development & Fundraising
Tel. +41 58 317 17 98, fabian.linke(at)sps.swiss
Andrea Schaller, Media Relations
Tel. +41 58 317 17 51, andrea.schaller(at)sps.swiss