The fund management company of Swiss Prime Site Solutions AG(SSPS), an asset manager for real estate solutions based in Zug, is considering listing the SPSS Investment Fund Commercial(SPSS IFC) on the SIX Swiss Exchange, according to a press release. According to the company, the SPSS IFC invests with a focus on commercial real estate in economically established locations throughout Switzerland. The company plans to list by the end of 2025, thereby strengthening its market presence, opening up access to new investors and promoting the fund’s liquidity in the long term. The listing will be accompanied by Zürcher Kantonalbank as sole lead manager.
According to the press release, the listing is subject to market conditions, approval of the amendments to the fund contract by the Swiss Financial Market Supervisory Authority(FINMA) and approval of the listing application by the SIX Swiss Exchange. The SPSS IFC will be open to all investors once the amendments to the fund contract have been approved as a public fund. Until then, it will only be accessible to qualified investors. On the SIX Swiss Exchange, the fund is to be included in the SXI Real Estate Broad and SXI Real Estate Funds Broad indices in future.
In the run-up to the planned listing, the company has already been able to expand its portfolio and thus prepare for the further development of the fund. “With the funds from the last capital increase, we have optimally expanded the portfolio with two attractive light industrial properties, sustainably strengthened the equity base and consistently aligned the product with the requirements of a stock exchange listing,” says Maximilian Hoffmann, CIO Funds at SPSS.
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