Patrimonium Swiss Real Estate Fund thereby set to grow to over CHF 2 billion in assets under management

AD HOC PRESS RELEASE PURSUANT TO ART. 53 KR

• Subject to FINMA approval, Patrimonium Asset Management AG will assume the fund and asset management functions of Sustainable Real Estate Investments SICAV with effect from 1 January 2027.
• The Sustainable Real Estate Switzerland sub-fund is to be converted into a contractual property fund in the first half of 2027 and subsequently merged with the Patrimonium Swiss Real Estate Fund, subject to approval by FINMA.
• The merger, scheduled for summer 2027, is intended to increase the profitability of the Patrimonium Swiss Real Estate Fund and strengthen its sustainability.
• Both funds will still prepare separate annual financial statements as at 31 March 2027 and make separate dividend distributions in 2027.
• The property valuations as at 31 March 2027 will be carried out by Wüest Partner for the first time for Sustainable Real Estate Switzerland, as they are for Patrimonium Swiss Real Estate Fund.

Crissier (VD) / Baar (ZG), 2 November 2026:  Patrimonium Asset Management AG, as the fund manager of the Patrimonium Swiss Real Estate Fund (SIX: ‘PSREF’) and, subject to approval by the Swiss Financial Market Supervisory Authority (FINMA), as the future fund manager of Sustainable Real Estate Investments SICAV (‘SICAV’), plans to integrate the ‘Sustainable Real Estate Switzerland’ sub-fund (SIX: ‘SRES’) into the Patrimonium Swiss Real Estate Fund in the course of 2027.
This would create a broadly diversified Swiss property portfolio with assets under management of over CHF 1.8 billion. Through the implementation of its current acquisition and project pipeline, the PSREF will grow organically to assets under management of over CHF 2 billion.

The planned merger forms part of the integration of Sustainable Real Estate AG into the Patrimonium Group. Patrimonium Holding AG acquired all shares in Sustainable Real Estate AG, and thus indirectly all founder’s shares in the SICAV, with effect from 1 July 2026. The necessary integration steps have been initiated since then.

Gradual implementation subject to FINMA approvals – key milestones initiated

Subject to FINMA’s approval, Patrimonium Asset Management AG will assume the fund management function of the SICAV with effect from 1 January 2027 and manage its portfolio directly. At the same time, the SICAV is set to change its valuation experts to Wüest Partner AG, its custodian bank to Banque Cantonale Vaudoise, and its auditors to Deloitte AG. Consequently, the property valuations as at 31 March 2027 for the SRES will, for the first time – as is the case for the PSREF – be carried out by Wüest Partner. In the first half of 2027, the SRES is to be converted into a contractual investment fund of the property fund type. At the Annual General Meeting on 22 October 2026, the SICAV’s shareholders laid the necessary groundwork for this in the investment regulations. The majority of the required tax rulings are already in place, meaning that, from this perspective, there are currently no obstacles to a merger.
In parallel, the fund documents of the Patrimonium Swiss Real Estate Fund and the SRES – which will become a contractual property fund following the conversion – are being harmonised in respect of the points relevant under the law for a fund merger. The individual intermediate steps, as well as the final merger, are also subject to approval by FINMA. The conversion of the SRES into a contractual fund additionally requires the approval of the shareholders.

Economies of scale, sustainability and higher returns for investors

The merger will result in a geographically more diversified portfolio with a stronger presence in German-speaking Switzerland.

Economies of scale and cost optimisations across the entire value chain will strengthen the operational profitability and EBIT margin of the Patrimonium Swiss Real Estate Fund. At the same time, the sustainability profile and the CO₂ reduction trajectory of the overall portfolio will improve.

“With the planned merger, we are laying the foundations for broader diversification of the Patrimonium Swiss Real Estate Fund. Investors will benefit from additional economies of scale, a broader base for the portfolio and expanded growth opportunities,” says Christoph Syz, CEO of the Patrimonium Group.

“The merged fund will have greater visibility and market liquidity. For investors in Sustainable Real Estate Switzerland, this means an even more attractive investment opportunity in Swiss residential property,” says Marco Scheurer, Managing Director of Sustainable Real Estate AG.
Merger planned for summer 2027

As the acquiring, listed, contractual property fund, the PSREF is to retain its existing structure, security code and ISIN number, and its track record. According to current plans, the merger of the fund is scheduled for summer 2027. The necessary announcements containing further details will be made in the course of 2027.

Resolutions of the SREI SICAV Annual General Meeting

At the SICAV’s Annual General Meeting on 22 October 2026, the shareholders approved all motions. These included, in particular, the election of Christoph Syz to the SICAV’s Board of Directors, the amendment of the investment regulations in preparation for the conversion into a contractual investment fund, the change of auditors, and the extraordinary shortening of the 2026/27 financial year to 31 March 2027, subject to approval by FINMA. For the 2025/26 financial year, a distribution of CHF 2.81 was approved for the SRES investor sub-fund; the ex-dividend date was 26 October 2026 and the distribution date was 28 October 2026.
The PSREF and the SICAV will continue to prepare separate annual accounts as at 31 March 2027 and will each make separate dividend distributions in June 2027.

Reservation

The steps described and the planned merger are subject to the necessary approvals from FINMA. No entitlement to implementation or to a specific completion date can be inferred from the plans.

Contact
Patrimonium Asset Management
Christoph Syz
CEO
058 787 00 00

Media Relations
François Hutter
Head of Marketing
media@patrimonium.ch
058 787 00 08

Patrimonium Asset Management
Patrimonium Asset Management AG (“Patrimonium”) is a fund management company authorised by the Swiss Financial Market Supervisory Authority (FINMA) that specialises in private markets. Patrimonium offers qualified and professional investors investment opportunities in property, private credit, private equity and infrastructure. With a team of 70 specialists and offices in Lausanne, Zurich and Zug, Patrimonium manages assets totalling CHF 5.5 billion (June 2026). www.patrimonium.ch.

Patrimonium Swiss Real Estate Fund
The Patrimonium Swiss Real Estate Fund (SIX: PSREF, ISIN: CH0034995214) is a contractual property fund governed by Swiss law in accordance with the Federal Act on Collective Investment Schemes of 23 June 2006. The fund has been authorised by the Swiss Financial Market Supervisory Authority (FINMA). The fund manager is Patrimonium Asset Management AG, Baar; the custodian bank and paying agent is Banque Cantonale Vaudoise, Lausanne. The prospectus, including the fund rules, the key investor information document and the latest annual and half-yearly reports are available free of charge on request from the fund manager (www.patrimonium.ch) and the distributors.

Sustainable Real Estate AG
Sustainable Real Estate AG is the fund provider and asset manager of the Sustainable Real Estate Switzerland property fund. Furthermore, the company acts as a sustainability adviser and distribution partner for European property funds. Sustainable Real Estate AG holds authorisation from FINMA as a collective asset manager and complies with the AMAS guidelines on transparency and disclosure for sustainability-related collective assets. The team has been working together to advance the issue of sustainability in property for over 15 years. Sustainable Real Estate AG has its own systems for assessing the sustainability of sites and buildings and develops sustainability strategies for property investment vehicles. The company operates in seven countries as a sustainability adviser to property funds with a total volume of around CHF 1.2 billion. Sustainable Real Estate AG is a subsidiary of Patrimonium Holding AG. www.sustainable-real-estate.ch

Sustainable Real Estate Switzerland
The Sustainable Real Estate Switzerland property fund was launched in 2015 and invests in properties across Switzerland, with a focus on residential properties. The portfolio currently comprises 31 existing properties. The fund pursues a sustainable investment policy using an integration approach (taking environmental and social issues into account in investment decisions and throughout the entire life cycle, based on targeted processes and data analysis), climate alignment (meeting the legal requirements applicable in Switzerland and achieving the net-zero target by 2050 at the latest, with a binding plan for achieving this goal) and the exclusion of certain commercial tenants in accordance with the AMAS self-regulation on transparency and disclosure for collective investment schemes with a sustainability focus.

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