Swiss Prime Site Solutions Investment Fund Commercial

The Swiss Prime Site Solutions Investment Fund Commercial invests directly in commercial properties in good to very good locations throughout Switzerland. The focus of the investment strategy is on long-term asset accumulation diversified by type of use and property characteristics. The fund is a countercyclical investment product with a focus on cash flow returns, with particular attention paid to risk management and compliance.

Products

The investment focus is on broad diversification, high cash flow stability and economically established locations. The properties mostly fall within the office, commercial and retail types of use.

Core+

Focus on commercial real estate in attractive locations («AB-BA» approach) in Switzerland
High level of tenant diversification with high credit rating and reputation
Mainly sole ownership
Potential for value growth through portfolio development
Stable cash flows with low vacancy rate

«With the Investment Fund Commercial, we are offering you an attractive investment in prime locations and first-class properties with an optimally balanced risk/return profile in customary Swiss Prime Site quality.»

Fund Facts

Fund name	Swiss Prime Site Solutions Investment Fund Commercial
Valor / ISIN	113 909 906 / CH1139099068
Appropriation of income	Distributing
Fund Term	Indefinite
Legal Form	Contractual real estate fund for qualified investors (Art. 25 ff. KAG)
Property	Properties are held directly, which provides a tax advantage for investors subject to taxation
Custodian bank	Banque Cantonale Vaudoise
Permanent valuation expert	PricewaterhouseCoopers AG, Zurich
Portfolio & asset management	Swiss Prime Site Solutions (FINMA regulated)
Tradability	Daily trading via OTC (on BCV / PropertyMatch or Lienhardt & Partner Zurich
Redemption of fund units	At the end of the financial year subject to a notice period of 12 months
Accounting year	1 October to 30 September
Fund currency	CHF
Planned fund volume	CHF >1 bn (until 2024)

Key figures annual report
(audited, 30.09.2023)

Cash flow return
5.43%

Investment yield
1.77%

Fair value
434.8 mn

Net income
13.0 mn

Portfolio

Number of properties
18

Wault
5.4 years

Type of use

target rent in CHF

Geographic allocation

fair value in CHF

Properties

Grancia, Centro Lugano Sud, Via Cantonale

Year of acquisition: 2022
Year of construction: 1991 | | Expansion: 2004 | Refurbishment: 2018 - 2019
Rental area: 21 950 m²
Main type of use: Retail

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Stabio, VF 1, Via Laveggio 5

Year of acquisition: 2023
Year of construction: 2010
Rental area: 18 108 m²
Main type of use: Office & research

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Winterthur, Rudolf Diesel 20-22

Year of acquisition: 2022
Year of construction: 2019
Rental area: 12 582 m²
Main type of use: Retail

Oberbüren, Buchental 4

Year of acquisition: 2022
Year of construction: 1990
Rental area: 9 547 m²
Main type of use: Retail

Steinhausen, Chollerstrasse 21-23

Year of acquisition: 2022
Year of construction: 1990
Rental area: 6 279 m²
Main type of use: Office

Lucerne, Luzernerstrasse 86-88

Year of acquisition: 2022
Year of construction: 1986
Rental area: 8 260 m²
Main type of use: Commerce

Winterthur, Marktgasse 3

Year of acquisition: 2022
Year of construction: 1969| Refurbishment: 2015
Rental area: 2 817 m²
Main type of use: Retail

Bedano, Via d’Argine 3-5

Year of acquisition: 2022
Year of construction: 2002 | Refurbishment: 2010
Rental area: 6 090 m²
Main type of use: Commerce & office

Solothurn, Hauptgasse 59

Year of acquisition: 2022
Year of construction: 1963
Rental area: 2 642 m²
Main type of use: Retail & office

Dietikon, Kirchstrasse 20

Year of acquisition: 2022
Year of construction: 1987
Rental area: 1 894 m²
Main type of use: Office

Thun, Bälliz 7

Year of acquisition: 2022
Year of construction: 1900 | Refurbishment: 2002
Rental area: 1 036 m²
Main type of use: Retail & office

Stabio, VF 2, Via Laveggio 6

Year of acquisition: 2023
Year of construction: 2008
Rental area: 2 374 m²
Main type of use: Office & research

Schwyz, Oberer Steisteg 18-20

Year of acquisition: 2022
Year of construction: 1988
Rental area: 2 669 m²
Main type of use: Office

St. Gallen, Rorschacherstrasse 63

Year of acquisition: 2022
Year of construction: 1960 | Refurbishment: 2011
Rental area: 1 880 m²
Main type of use: Office

Neuchâtel, J.-J Rousseau 7

Year of acquisition: 2022
Year of construction: 1929| Refurbishment: 1991
Rental area: 3 099 m²
Main type of use: Office

Burgdorf, Emmentalstrasse 14

Year of acquisition: 2022
Year of construction: 1972 | Refurbishment: 1998
Rental area: 2 129 m²
Main type of use: Office

Amriswil, Weinfelderstrasse 74

Year of acquisition: 2022
Year of construction: 2005
Rental area: 2 776 m²
Main type of use: Retail

Cham, Dorfplatz 2

Year of acquisition: 2022
Year of construction: 1992
Rental area: 1 061 m²
Main type of use: Office

Sustainability

Our sustainability approach

The fund management pursues the goal of net-zero CO₂ of the portfolio by 2050 with regard to heat and electricity supply. The aim is to comply with a CO₂ reduction pathway that corresponds to the 1.5 degree target of the Paris Climate Agreement and the net-zero target set by the Swiss Federal Council by 2050.

The fund management company pursues ESG integration as a sustainability approach and strives for a sustainable investment policy. When selecting and managing investments, environmental (E) and social (S) criteria as well as aspects of responsible corporate governance (G), the so-called ESG criteria, are given appropriate consideration in all phases of the property investment process (acquisition of existing properties, project developments, construction, conversion and refurbishment projects, portfolio and asset management).

"Green Leases"

as % of target rental income

Energy mix

as % of energy reference area

Ratings

Global Real Estate Sustainability Benchmark (GRESB)

We have successfully implemented the GRESB Grace Period submission 2023. We are aiming for an official GRESB assessment in 2024.

(Kopie 7)

REIDA

The non-profit organisation REIDA (Real Estate Investment Data Association) has developed a standard for determining the most important environmentally relevant key figures in the real estate sector. The "Environmental indicators" for the 2023 financial year were published in accordance with this REIDA standard.

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Principles for Responsible Investment (PRI)

In November 2022, Swiss Prime Site Solutions signed the UN Principles for Responsible Investment (UN PRI) for the SPSS IFC and officially reported in accordance with the PRI framework for the first time in 2023.