Patrimonium is carrying out a further capital increase in the real estate sector. TrustStone real estate Sicav – Swiss Real Estate 1, a real estate Sicav launched in October 2020, is carrying out its second capital increase of CHF 25 million from 8 to 21 September 2022.
The capital increase is intended for the acquisition of new properties, debt reduction and further renovation work.
TrustStone real estate Sicav – Swiss Real Estate 1 (hereinafter referred to as “TrustStone” or “the Sicav”) is a real estate Sicav launched in October 2020, which closed its first extended financial year on 31.03.2022.
TrustStone is a developing, non-listed (pre-IPO) vehicle, differentiated by a direct acquisition strategy in the “Core-Plus”, “Value-Add” and “Opportunistic” segments in commercial, residential and mixed-use real estate with development potential, and benefiting from the advantages of the Patrimonium real estate platform. TrustStone allows for investment at NAV, and aims for significant capital gains.
The capital increase allows qualified investors to participate in a fast growing vehicle. As at 31 March 2022, TrustStone’s property under management has grown in value by 65% since launch and in revenue by 177%. Over the same period, the fund has delivered an investment return of 6.32%.
Since its integration into the Patrimonium portfolio, TrustStone has been able to complete the acquisition of six additional properties, bringing the total number of properties under management to 152 homes and 19 buildings. The geographical spread has been diversified with acquisitions in Basel. A large rental reserve is being realised through conversion and/or expansion work, and the integration of the fund into Patrimonium also gives it access to the in-house technical service as well as the procurement platform.
This is already the second capital increase for the fund. It will be used to acquire new properties whose purchase has already been secured, to reduce debt and to continue to improve existing properties.
TrustStone is aiming for a stock market listing within two to four years with a portfolio value of CHF 300 to 500 million.
Patrimonium’s Investor Relations team is available for further information.
TrustStone real estate Sicav – Swiss Real Estate 1 is a Swiss real estate Sicav managed by Patrimonium Asset Management AG and is aimed at qualified investors. It invests in “Core Plus”, “Value Add” and “Opportunistic” real estate in low-rent residential, commercial properties with long-term leases and/or development potential, as well as land and development projects. The fund management is delegated to Solufonds SA in Morges and the custodian bank is Banque Cantonale Vaudoise in Lausanne.
All information on TrustStone (characteristics, property portfolio, subscription documents)
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Patrimonium Asset Management AG
Patrimonium Asset Management AG (“Patrimonium”) is a fund management company licensed by the Swiss Financial Market Supervisory Authority (FINMA), specialising in private markets. Patrimonium offers qualified and professional investors investment opportunities in real estate, private debt, private equity and infrastructure. Patrimonium manages assets of CHF 4 billion (06.2022) with 70 professionals based in Lausanne, Zurich and Zug. Your Partner in Private Markets