Mobimo is selling its building-approved Cosmos project in Dübendorf to a real estate fund managed by Credit Suisse , the Lucerne real estate company informed in apress release . In 2000, Mobimo acquired the corresponding property on Zürichstrasse. Instead of the commercial building that existed at the time, four new buildings with a total of around 170 apartments as well as areas that can be used for offices, businesses or sales are to be built.
Construction work is scheduled to start this month. In the late summer of 2023, the buildings complying with the Sustainable Building Switzerland Standard (SNBS Gold) and the greenproperty seal of approval should be completed. Among other things, a photovoltaic system and a geothermal probe will be installed, explains Mobimo.
“We have developed a convincing new building project from an investment property with potential,” Mobimo CEO Daniel Ducrey is quoted in the press release. "Cosmos is a good example of the interaction between active portfolio management and internal development competence."
Procimmo SA has raised around 70 million francs on the capital market for its real estate fund Procimmo Swiss Commercial Fund 56, the asset manager of collective real estate investments informs in a message . According to her, the capital increase was significantly oversubscribed. The company sees this as "a clear vote of confidence on the part of investors in the fund," says the press release.
The 64 million francs that have been brought in are intended, on the one hand, to reduce the fund's debt financing ratio. On the other hand, Procimmo wants to use the new capital for the continuation of existing construction projects, is explained in the communication. The company is also planning further property acquisitions.
The funds brought in correspond to 594,128 new fund shares, explains Procimmo. A total of 2,970,643 shares are currently held by 56 investors. As of the end of 2020, the fund consisted of a total of 33 properties in the cantons of Vaud, Geneva, Friborg, Jura, Neuchâtel and Valais. The announcement puts his total assets at CHF 487.8 million.
In 2020, Zuger Kantonalbank financed over two thirds of all residential units approved for building in the canton of Zug and supported various important major projects in their development. This unrestricted market leadership of Zuger Kantonalbank in the financing of real estate is the result of a range of services that is consistently geared towards the specific needs of real estate investors.
What can professional investors count on at Zuger Kantonalbank?
Our extensive knowledge of the market Zuger Kantonalbank knows the Zug real estate market better than any other bank. We continuously analyze the development of the real estate market in the canton of Zug very precisely and comprehensively. We work with leading providers of real estate market data. In addition, the close exchange with professional investors in the canton of Zug gives us a valuable view of the market. With this knowledge we can provide you with a lot of important information for the development and planning of your projects: Which apartment sizes are in demand? How is building activity developing? Or what prices are marketable? We answer these and other questions together with the investors in a strategic dialogue. An experienced team of ten specialists is available at Zuger Kantonalbank for this purpose.
Our reliability The ZugerKB is committed to its customers in the long term, and has been for over 125 years. Our senior consultants are personally at your side and do everything in their power to ensure that your construction project is successfully implemented. With our expertise, we can quickly carry out an initial project assessment and outline possible financing in an early planning phase. As soon as the project becomes more specific, our short decision-making channels allow quick and needs-based financing offers: from the first planning loan to a comprehensive and flexible financing structure.
Our solution orientation Your construction project is also our project. That is why professional advice is important to us. We make the processing and support of the project as easy as possible for you. In addition, we support promoters along the entire sales process, for example. In addition to the prior plausibility check of the planned sales prices, we offer various sales support. For example, our website www.zugerkb.ch/bauprojekte, which is accessible to everyone, informs interested apartment buyers about future projects and enables a direct link to the websites of the respective providers. We would be happy to show you further sales support in a personal conversation.
To person Peter Bucher has been Head of Real Estate Investors at Zuger Kantonalbank and a member of the Board of Directors of a listed real estate fund since 2015. The passionate rider and jogger has a profound knowledge of the real estate market in the Zug region.
Procimmo SA has raised around 64 million francs on the capital market for its real estate fund Procimmo Swiss Commercial Fund II, the asset manager of collective real estate investments informs in a message . According to her, the capital increase was significantly oversubscribed. The company sees this as "a clear vote of confidence on the part of investors in the fund," says the press release.
On the one hand, the 64 million francs brought in are intended to reduce the fund's debt financing ratio. On the other hand, Procimmo wants to use the new capital for the continuation of existing construction projects, is explained in the communication. The company is also planning further property acquisitions.
The Procimmo Swiss Commercial Fund II is scheduled to be listed on the SIX Swiss Exchange on March 24th. A total of 33 properties are currently held in the fund in the cantons of Aargau, Basel-Landschaft, Bern, Freiburg, Graubünden, Lucerne, Solothurn and Zurich. The report puts the fund's assets at around 557 million francs.
As of the beginning of February 2021, UBS Fund Management (Switzerland) AG will take over the management of the Swiss real estate fund Residentia, UBS informs in a message . The listed fund mainly holds residential properties in the canton of Ticino. The announcement puts the total assets of Residentia's portfolio at around CHF 275 million.
With the takeover of Residentia, the Zurich-based bank wants to strengthen its asset management in the real estate sector in southern Switzerland. "We believe in the Ticino real estate market," Daniel Brüllmann, Head of Real Estate DACH at UBS Asset Management, is quoted in the press release. He sees his company "ideally positioned for this takeover".
UBS Switzerland AG will act as a deposit bank for Residentia, is further explained in the announcement. The Pagani Real Estate SA of Residentia co-founder Matteo Pagani is to support the fund management company in Ticino as a “local presence”.
Wir verwenden Cookies zur Unterstützung und Verbesserung unserer Dienste. Mit der Nutzung dieser Website erklären Sie sich mit der Verwendung von Cookies einverstanden. Weitere Informationen finden Sie in unserer Datenschutzerklärung.
