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Press Release

Patrimonium Urban Opportunity AG listed at BX Swiss

18.07.22

FOR RELEASE AND PUBLICATION IN SWITZERLAND – NO FULL NOR PARTIAL RELEASE, PUBLICATION NOR DISTRIBUTION IN THE USA, CANADA, AUSTRALIA OR JAPAN.

Urdorf, 18. July 2022: Patrimonium Urban Opportunity AG (the “Company” or “PATURBO”, the consolidated group), a growing Swiss real estate company, announces its listing on the stock exchange BX Swiss AG. Patrimonium Urban Opportunity AG combines a high yielding commercial portfolio with a sizeable development pipeline and a strong track record in sourcing, acquiring, developing and actively managing opportunistic urban real estate properties throughout Switzerland. The Company’s investment properties are strategically located in Switzerland’s main economic hubs – Vaud, Geneva and Zürich.

Key facts:

  • Patrimonium Urban Opportunity AG has a real estate portfolio, currently consisting of nine commercial buildings, valued at CHF 222 million as of 31 December 2021.
  • Various plots have mid- to long-term and value-add development potential. Currently, one property is under construction with expected delivery in 2024.
  • Initial shareholders and management are not selling their shares but remain fully invested and committed into the continuing development of PATURBO.
  • The listing intends to allow the Company to further accelerate growth and increase financing flexibility, with the intention of raising its corporate presence. Furthermore, the listing facilitates future capital market transactions.
  • In the upcoming years, no dividend distribution is foreseen as the proceeds from the portfolio shall be reinvested and used for the further portfolio development.
  • The listing will take place on Monday 18th of July 2022.

Patrimonium Urban Opportunity AG’s portfolio, whose market value is of CHF 222 million as of 2021 year-end, was built over a period of 10 years and is focused on the main urban areas of Geneva, Lausanne and Zürich. The Company currently owns nine properties and, in Q1/2022, has received the construction permit for an additional office building in Bussigny near Lausanne. The development will start in Q3/2022 and is to be completed by 2024.

To date, PATURBO’s growth has largely been driven by an active and highly selective acquisition and development strategy that has focused on targeted real estate opportunities in attractive macro- and micro-locations in urbanising areas. As a result of this strategy, PATURBO’s investment properties are strategically located in Switzerland’s main economic regions: Vaud (representing around 43% of the portfolio), Geneva (amounting to 29% of the overall portfolio), and Zürich (corresponding to around 28% of the portfolio). As of 31 December 2021, the Company’s balanced commercial real estate portfolio consisted of nine properties.

As of end 2021, PATURBO’s assets in operation had a lettable area of 78’974 sqm. The vacancy rate was at 6.27% as of 31 December 2021. The portfolio has an average WAULT of 7.71 years.

PATURBO’s balanced commercial real estate portfolio currently comprises office space (53% of the total value of our real estate portfolio as of 31 December 2021), retail space (23%) as well as logistics and industrial (24%) properties. Developments make up 1% of the portfolio.

Performance history and key figures (under section “Performance”)

Key Listing Details:

  • Listing exchange: BX Swiss Stock Exchange
  • Valor number: 114.111.796
  • ISIN: CH1141117965
  • First day of trading: July 18 2022 (expected)

Long-term and committed real estate management team with strong real estate experience, participating in PATURBO’s future development.

The executive management of the company is delegated to Christoph Syz, the executive Board Delegate, and is overviewed by an experienced Board of Directors. The Board of Directors consists of Christoph Syz (delegate of the board), Dr. Daniel Heine (chairman of the board), Ulrich Burkhard (independent board member), Arne Kirchner (independent board member) and Patrice Crisinel (independent board member).

The asset management is delegated to Patrimonium Asset Management AG and its experienced real estate asset management team. Patrimonium Asset Management AG is a Swiss fund management company with more than 4.0 billion assets under management and 70 employees. Patrimonium Asset Management AG is supervised by FINMA.

Christoph Syz, Board Delegate of PATURBO, says: “We are proud to have reached this great milestone thanks to many years of good and trustful collaboration with our investors and partners.”

Hanspeter Berchtold, CIO Real Estate of Patrimonium Asset Management AG, adds: “We look forward to further exciting developments and being able to positively contribute to the urban development in Switzerland’s most important economical centres.”

Contact

Hanspeter Berchtold
CIO Real Estate
hanspeter.berchtold@patrimonium.ch

About

Patrimonium Urban Opportunity AG and its subsidiary PROTIR AG operate in Switzerland. The purpose of the group is to purchase, sell, lease, and manage real estate in Switzerland. The Company is a limited company incorporated and domiciled in Switzerland. The registered office is located at Bergermoosstrasse 4, 8902 Urdorf.

The commercial name of the company was changed on the 10th of August 2021 (Patrimonium Commercial Opportunity I AG was renamed Patrimonium Urban Opportunity AG). PROTIR AG is a limited company incorporated and domiciled in Switzerland. PROTIR is held 100% by PATURBO. The registered office is located at Voie-Creuse 16, 1202 Geneva. For more information: www.patrimoniumurbanopportunity.ch

Disclaimer

This document constitutes marketing material and is not the result of financial research and therefore the legal requirements regarding the independence of investment research, e.g. The “Directives on the Independence of Financial Research” issued by the Swiss Bankers Association, do not apply.

The information and opinions expressed in this publication were produced by Patrimonium Urban Opportunity AG as of the date of writing and are subject to change without notice. This Publication is intended for information purposes only and does not constitute an offer or an invitation by, or on behalf of, the Company to make any investments. Opinions and comments of the authors reflect their current views, but not necessarily of other Patrimonium entities or any other third party. Investments in the asset classes mentioned in this publication may not be suitable for all recipients. This publication has been prepared without taking account of the objectives, financial situation or needs of any particular investor. Before entering into any transaction, investors should consider the suitability of the transaction to individual circumstances and objectives. Nothing in this publication constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate for individual circumstances, or otherwise constitutes a personal recommendation for any specific investor. The Company recommends that investors independently assess, with a professional advisor, the specific financial risks as well as legal, regulatory, credit, tax, and accounting consequences. Past performance is not a reliable indicator of future results. Performance forecasts are not a reliable indicator of future performance.

Although the information and data herein are obtained from sources believed to be reliable, no representation is made that the information is accurate or complete. Patrimonium Urban Opportunity, its subsidiaries and affiliated companies do not accept liability for any loss arising from the use of this publication. The investor may be exposed to currency risk because the product or underlyings of the product are denominated in other currencies than that of the country in which the investor is resident. The investment as well as its performance are therefore exposed to currency fluctuations and may increase or decrease in value.

This Publication must not be distributed outside Switzerland.

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