Baloise Swiss Property Fund: The IPO is complete
On 1 November, a good three years after its launch, Baloise Asset Management listed the Baloise Swiss Property Fund on the SIX Swiss Exchange.
Since its launch on 1 October 2018, the Baloise Swiss Property Fund (BSPF) has built up a portfolio worth over CHF 800 million that is diversified across Switzerland and across various sectors, but has a focus on residential. As originally planned, the fund has been listed on the SIX Swiss Exchange following the completion of this build-up phase, Baloise Asset Management says. From the fund management company's point of view, the listing on 1 November 2021 was successful: On the first trading day, the BSPF achieved a closing price of CHF 152, which corresponds to an indicative premium of 42.6% based on the audited net asset value per unit (NAV) as of 30 September 2020 and 43.1% based on the unaudited net asset value per unit (NAV) as of 31 March 2021, respectively. BSPF has been included in the SXI Real Estate Funds Broad Index (SWIIT).
Baloise Asset Management announced that it now intends to further expand the BSPF portfolio. In doing so, the strategy of holding real estate over the long term and optimising the earnings potential will be maintained. (ah)
