Swisscanto portfolio reallocated
Zürcher Kantonalbank has awarded new management mandates for Swisscanto's real estate investment products. The real estate service providers Wincasa and Privera are among the winners of the tender.
According to Privera, a change of business model in Swisscanto's real estate investment products led to a new tender for the entire real estate portfolio. This was divided into twelve lots in its entirety. Privera was awarded three of these lots and will now be one of two senior partners of Zürcher Kantonalbank. Privera already manages residential and commercial properties as well as commercial buildings and shopping centers for Swisscanto's real estate investment products on behalf of the bank.
Wincasa, on the other hand, was commissioned by Zürcher Kantonalbank for the first time. "It fills us with pride that Zürcher Kantonalbank has entrusted us with half of its property management and construction management volume," says Oliver Hofmann, CEO of Wincasa. With more than 210 additional properties, the asset value under management will increase by more than three billion CHF. (ah)
