08 March 2023 | Matthias Flückiger

Successful transactions for SFP AST Swiss Real Estate

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%

Most read articles

25.03.2024

Infrastructure secondaries in the limelight - SFP Infrastructure Partners (3/3)

In this last episode of our series, we explain why we focus on the infrastructure secondary market, a very dynamic segment, and why it is a key pillar of our strategy.
Read article
21.05.2024

Market for Rental Apartments: Clarity about Accessory Charges

Since the sharp change in direction by the Swiss National Bank (SNB) in June 2022, the market for rental apartments has seen dramatic developments. The SNB increased the benchmark interest rate for the first time in 15 years in an effort to curb rising inflation and general price pressure. Since 2023 landlords have therefore been increasing rents for tenants in line with the moves in the reference interest rate.
Read article
07.10.2024

The SF Sustainable Property Fund - expansion of the portfolio and further optimizations

The SF Sustainable Property Fund invests in real estate assets and projects throughout Switzerland. The main focus of the real estate fund is on residential use. The fund systematically and gradually optimises properties regarding defined sustainability criteria (ESG) during the holding period.
Read article
07.10.2024

SF Retail Properties Fund - Capital increase and transactions

Thanks to this issue, the fund received new money amounting to the maximum gross amount of CHF 40.9 million. The new money from the additional shares will be used for the further expansion of the real estate portfolio, to develop the potential of existing properties, to repay interest-bearing debt and for new acquisitions.
Read article
Regular news and information on current topics.