Empira Investment Foundation: New "Financing" investment group
With the new "Swiss Mortgages plus" investment group, Empira Investment Foundations aims to provide Swiss pension funds with "bank-independent access to stable real estate financing".
The Empira Investment Foundation is launching the new "Swiss Mortgages Plus" investment group. According to the Board of Trustees, the focus is on bank-independent financing for existing residential properties in Switzerland - and thus "a segment that offers institutional investors attractive opportunities with stable return profiles".
With the Swiss National Bank's latest monetary policy rate adjustments towards a key interest rate of 0 %, the conditions for owner-occupiers are improving. However, professional investors in investment properties are increasingly confronted with regulatory hurdles (e.g. Basel III) and more restrictive behavior on the part of banks and insurance companies. With the new investment group, Empira Investment Foundation aims to offer these professional real estate investors "access to an alternative financing solution", according to its own statements. For pension funds, on the other hand, the opportunity arises "to invest in a very stable, low-risk asset class with added social value" - and thus a "welcome opportunity against the backdrop of falling bond yields".
Die neue Anlagegruppe verfolgt eine Whole-Loan-Strategie mit einer Belehnung von bis maximal 80 %des Verkehrswerts und einem klaren Schwerpunkt auf Wohnimmobilien; ergänzend sollen Projektentwicklungen und gewerbliche Objekte in begrenztem Umfang berücksichtigt werden. Dabei strebe man «stabile laufende Ausschüttungen» an sowie «ein aktives Portfolio- und Risikomanagement bei einem diversifizierten Portfolio».
"With this new investment group, we are responding to the changed market conditions and giving pension funds the opportunity to participate in the growth potential of the Swiss real estate financing market - with security, transparency and long-term stability," says Dieter Kräuchi, Managing Director of Empira Investment Foundation. The first issue is expected to raise around CHF 200 to 250 million for the investment group during the subscription period from September 15 to October 31, 2025. An initial loan portfolio consisting of 11 apartment buildings in the canton of Zurich and a loan volume of around CHF 170 million is available, according to the Empira Investment Foundation. The pipeline comprises real estate assets of over CHF 1.0 billion. (bw)
