Sustainable Real Estate Switzerland: On a shopping spree

The sustainable real estate fund "Sustainable Real Estate Switzerland" signed purchase agreements for three existing properties and three new construction projects in June and July 2021. The transfer of ownership of the acquired existing properties and two building plots is planned for September 2021, says Sustainable Real Estate AG. One new construction project will be taken over turnkey in February 2023. The total investment volume amounts to CHF 92 million.
The acquisitions include residential buildings in Lausanne VD and Fribourg FR, a mixed-use building in Fribourg FR and new construction projects in Obfelden ZH (residential), Vernier GE (mixed-use) and Lausanne (residential). In line with the fund's energy and climate strategy, measures to reduce energy consumption and greenhouse gas emissions are planned for the existing buildings, according to the fund management. Among other things, the fossil-fuel heating systems in the properties in Fribourg are to be converted to district heating.

Capital increase planned

As further additions to the portfolio, Sustainable Real Estate AG mentions a construction project (residential) in Thônex GE, which will be completed in June 2021, a new building (retail/offices) in Lutry VD, which will be ready for occupation in November, and the handover of a new building (residential) in St. Gallen, which should also take place in November. To finance the portfolio expansion of a total of approximately CHF 108 million, the company is planning a capital increase of approximately CHF 50 million at the beginning of October 2021. (bw)