UBS: Fund merger of «Green Property» and «Direct Urban» approved
The supervisory authority has given the green light for the planned merger. The merger will take place at the end of March with retroactive effect from December 31, 2025.
According to a statement from UBS Fund Management, the merger of the two exchange-traded real estate funds Green Property and Direct Urban can be implemented as planned. The merger of the two funds, which invest directly in mixed-use real estate, was announced on September 22. The supervisory authority approved the amended fund agreements in a ruling dated October 29. As of January 1, the «Green Property» fund will be renamed «UBS (CH) Property Fund - Direct Mixed Urban». The merger with the «Direct Urban» will then take place as planned on March 31, 2026 with retroactive effect to December 31, 2025. According to UBS, the terms of the transaction are expected to be announced in mid-March 2026 with the final financial statements of the funds to be merged.
