Patrimonium Investment Foundation’s Swiss Residential Properties investment group has acquired four residential properties for a total investment volume of around CHF 52 million, adding 70 apartments to the portfolio. The acquired properties are located within Switzerland’s major economic centers of Geneva, Basel and Zurich, in resilient local markets with positive long-term demographic trends.
Three of the four properties were acquired off-market directly from private sellers, enabling disciplined pricing. The assets consist mainly of mid- to low-rise residential buildings located in agglomerations with good access to public transport and daily amenities. All buildings are currently fully let.
Rents across the acquired portfolio are positioned below the 30% quantile of Wüest Partner’s benchmarks for the respective regions, offering potential for sustainable long-term rental growth.
Following these acquisitions, the residential share of the portfolio of the Foundation’s ‘Swiss Residential Properties’ investment group increases to more than 87%.
“These acquisitions represent another important step along our growth path and further strengthen our core residential portfolio,” says Hanspeter Berchtold, Chief Investment Officer Real Estate.
“All buildings are located in high-demand areas and offer residents an above-average quality of living due to their proximity to essential amenities” adds Armin Gote, Portfolio Manager.