Sustainable Real Estate completes acquisition of Vontobel's real estate fund business
With the approval of the Financial Market Authority Finma, Sustainable Real Estate AG will acquire the entrepreneurial shares of Sustainable Real Estate Investments SICAV from Vontobel Fund Services AG as of April 24, 2020.
The acquisition of the shares completes the transfer of Vontobel's former "Sustainable Real Estate Investments" unit to Sustainable Real Estate AG. As of October 1, 2019, Vontobel Asset Management AG had provided sustainability consulting and sales services for the real estate funds Sustainable Real Estate Switzerland (previously: Vontobel Sustainable Real Estate Switzerland) and
Quadoro Sustainable Real Estate Europe (previously: Vontobel Sustainable Real Estate Europe) to Sustainable Real Estate AG as part of a management buy-out.
The purchase of the entrepreneurial shares of Sustainable Real Estate Investments SICAV is the second and final step in the transfer of Vontobel's real estate fund business to Sustainable Real Estate, says Marco Scheurer, Managing Director of Sustainable Real Estate AG.
Sustainable Real Estate AG sees itself as a sustainability consultant and distribution partner for Swiss and European real estate funds. The company has its own systems for the sustainability assessment of sites and buildings and develops sustainability strategies for real estate investment vehicles. (ah)
