The pipeline for the current capital raise by SFP AST Swiss Real Estate, which will close on 21 March 2023, continues to be integrated. The incoming new funds are being invested immediately and the intention is to keep the borrowing ratio low.
Since December, a total of five properties with a market value of CHF 127.2 million have been successfully integrated into the investment group. The integration of the mixed-use property in Chur opened up another region, while the acquisition in Allschwil strengthened the residential portfolio with a sustainable, Minergie-certified property. Two commercial properties in Ostermundigen and Basel were integrated at the beginning of the year. Both are excellent properties in very good locations, with tenants of a high quality and long lease terms. Another property in Pratteln from the pipeline was successfully integrated into the portfolio upon occupation on 1st March 2023, increasing the residential share of the portfolio to its target allocation of 60% residential and 40% commercial.
The acquisition and integration of the pipeline for the current capital raise have enhanced the quality of the portfolio and further improved the investment group's performance. The focus for further growth continues to fall on high-quality properties in good locations.
Information about acquisitions already completed:
Chur
Giacomettistrasse 32/34
45% residential
55% commercial
Occupied on: 01.12.2022
Market value in CHF: 13'000’000
Gross yield at market value: 4.68%
Allschwil
Baslerstrasse 277
100% residential
Occupied on: 16.12.2022
Market value in CHF: 10'100’000
Gross yield at market value: 3.40%
Ostermundigen
Milchstrasse 2 – 8
100% commercial
Occupied on: 01.01.2023
Market value in CHF: 50'300’000
Gross yield at market value: 4.25%
Basel
Gartenstrasse 93
100% commercial
Occupied on: 01.01.2023
Market value in CHF: 16'400’000
Gross yield at market value: 3.52%
Pratteln
Güterstrasse 9 – 17
84% residential
16% commercial
Occupied on: 01.03.2023
Market value in CHF: 37'390’000
Gross yield at market value: 3.60%
Total of acquisitions
35% Wohnen
65% Kommerz
Market value in CHF: 127’190’000
Gross yield at market value: 3.95%