Axa Real Estate Fund Switzerland grows to over 5 billion
The real estate fund acquired additional properties for more than CHF 100 million in the financial year.
Axa Real Estate Fund Switzerland expanded its portfolio in the 2024/25 financial year by acquiring two residential developments in Münchenstein (BL) and Egg (ZH) as well as three bolt-on acquisitions in Uster (ZH) and the city of Zurich. The fund sold two office properties in Geneva and St. Gallen, increasing the residential ratio from 58.7 % to 60.5 %. The return on investment increased from 4.3 to 5.1 %. The total market value volume of all acquisitions amounted to CHF 106.3 million; on the sales side, CHF 26.8 million and CHF 16.5 million respectively were generated for the two sales and the respective book value was exceeded.
Meanwhile, the value of the portfolio grew by 4.41 % to CHF 5.1 billion. The fund recorded an increase in net income from CHF 104.7 million to around CHF 126 million. Total income increased very significantly from CHF 150.6 million to CHF 213.1 million - driven in particular by unrealized capital gains of CHF 86.6 million (previous year: around CHF 40 million).
Purchases
- Egg, Rössliwis 12, 14, 16 (residential buildings)
- Münchenstein, Baselstrasse 30 + 32/Birseckstrasse 23-60 (residential buildings)
- Uster, Ackerstrasse 29-37 (residential buildings
- Uster, Ackerstrasse 39 (residential buildings)
- Zurich, Josefstrasse 129 (condominium)
Sales
- Geneva, Rue de l'Arquebuse 22 (mixed buildings)
- St. Gallen, Lindenstrasse 137-139 (commercially used properties)
