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Tag: Nova Property Fund Management AG

  • Nova Property purchases for real estate funds

    Nova Property purchases for real estate funds

    Nova Property Fund Management AG is expanding its Swiss Central City Real Estate Fund. The fund will be expanded by two residential properties and two residential and commercial properties in attractive locations in Zurich, Basel and St.Gallen, the company, which operates as fund management company, informed in a press release . The investment amount mentioned is 43 million francs. The transfer of ownership of the two properties in Zurich took place in mid-December of last year, that of the properties in Basel and St.Gallen on January 3 of this year.

    All four properties together had a usable area of 2,400 square meters of living space and 660 square meters of commercial space, explains Nova Property. All properties are fully let and generate target rental income of 1.4 million francs per year. The Swiss Central City Real Estate Fund holds properties in central locations throughout Switzerland.

  • Swiss Central City Real Estate Fund approved by the Swiss Exchange Commission

    Swiss Central City Real Estate Fund approved by the Swiss Exchange Commission

    The SIX Exchange Regulation has approved the Swiss Central City Real Estate fund for listing on the SIX Swiss Exchange . This means that the Zurich-based Nova Property Fund Management AG will be able to trade the real estate fund on the stock exchange from December 13th, according to a media release .

    The fund is currently traded over the counter through Bank J. Safra Sarasin AG . In addition, the investment should also be included in the SXI Real Estate Broad and SXI Real Estate Funds Broad indices.

    The real estate portfolio currently has a market value of CHF 400 million. The fund management company wants to expand this further by investing the fund’s assets in real estate in central locations across Switzerland.

    For this year she is planning a distribution of CHF 2.50 per fund unit. In the coming years it should be increased further through the constant expansion of the property portfolio and the completion of further projects.