ACRON HELVETIA I IMMOBILIEN AKTIENGESELLSCHAFT 
By ACRON Group Launches Swiss Commercial Real Estate Funds
- ACRON Swiss Properties Fund (SICAV-FIS) offers investments in commercial properties in major Swiss metropolitan areas
- ACRON Swiss Properties Fund (SICAV-FIS) acquires Rossfeld Centre shopping center in Sierre
ACRON, the indirect real estate investment specialist, is launching a diversified real estate fund.ACRON's new fund offers its clients the opportunity to benefit from ACRON's expertise and network via diversified investment products for the first time.The first property acquired by the fund is Rossfeld Centre shopping center in Sierre (Canton Valais) for a purchase price of CHF 25.8 million.
Zurich, Switzerland; February 4, 2014 - For the first time, ACRON is launching a regionally focused, diversified real estate fund. The newly formed ACRON Real Estate Portfolio (SICAV-FIS), an investment company with variable capital under Luxembourg law, acts as the umbrella fund with ACRON Swiss Properties Fund as its sub-fund. The shares will be offered to qualified investors in Switzerland and Germany by way of a private placement.
"Our new product allows us to offer our clients a diversified investment fund focused on a promising investment theme that gives reason to expect excellent upside potential. We have many years of experience in the Swiss commercial real estate market and a proven track record. In assessing properties, we apply ACRON's usual strict selection criteria. The Rossfeld Centre shopping center in Sierre was also acquired in line with our selection criteria. The structure we chose - a Luxembourg specialized investment fund - is regulated in Luxembourg and trusted by investors," says Kai Bender, CEO of the ACRON Group.
The fund offers investors an attractive Swiss real estate market investment. ACRON Swiss Properties Fund is a diversified investment in at least five office, hotel, logistics, or retail properties. Competitive core/core+ properties well-positioned in the market and generating attractive and sustainable returns are the priority here. Possible locations are developed and well established metropolitan areas throughout Switzerland.
The first property acquired by the fund from HRS Real Estate AG is the Rossfeld Centre shopping center in Sierre currently under construction. The building is located in an important shopping zone in Sierre in Canton Valais with various specialty stores in the immediate vicinity as well as optimal connections to private and public transportation. With a total area measuring 5,269 m2 (approx. 56,717 sq. ft.) and 166 parking spots, it offers state-of-the-art retail, office, and warehouse space. The property is fully leased: 52% to third-party renters and 48% to the seller, who is responsible for further leasing. The purchase price for the entire property, including the land, is CHF 25.8 million, and construction is due to be completed in February 2014.
The Fund at a Glance
ACRON Swiss Properties Fund | |
Currency | CHF |
ISIN | LU0897002050 |
Management fee | 0.75% of GAV* |
Performance fee | 25% of IRR** over 6% annually (due after sale of a property) |
Target volume | CHF 250 million |
Target equity | CHF 100 million |
Risk profile | Core/core+ between CHF 10 and |
Profit distribution | Distributing |
NAV calculation | Semi-annually |
* GAV: Gross Asset Value
** IRR: Internal Rate of Return
| Provider | Channel | Contact | ||
|---|---|---|---|---|
|
Tensid Ltd., Switzerland www.tensid.ch |
newsbox.ch www.newsbox.ch |
Provider/Channel related enquiries marco@tensid.ch +41 41 763 00 50 |
