Fund: Avobis launches first own real estate fund
Avobis Group announces the launch of its first own real estate investment fund next year. It is to invest in residential real estate.
The Avobis Swiss Residential Real Estate Fund Pension is part of a Sicav structure under Swiss law, is open exclusively to qualified and tax-exempt investors and is managed by Avobis Invest AG, Avobis Group says. The fund is currently being presented to selected investors and is expected to be launched in the first half of 2022.
The new fund aims to invest in residential real estate throughout Switzerland, and the investment strategy will combine a solid value component with an attractive distribution component, Avobis added. The portfolio is being built from scratch and therefore has no premium, it added. In the composition of the properties, among other things, the expected new guidelines in the area of sustainability and the legislation to be expected in the environmental area are to play a weighty role.
With the addition of an investment solution to its product range, Avobis continues to pursue its strategy of offering clients all services along the entire real estate value chain, says Sandro Sulcis, co-CEO of Avobis Group. Additional real estate and mortgage-based investment products, including in the commercial sector, are also planned for the future, he said. (ah)
