Acron places new Swiss fund, buys Fiege asset

Swiss investment manager Acron has placed a new closed-end investment fund, Acron Helvetia V Immobilien, with three private investors.

The vehicle - Acron's seventh Swiss investment fund - is fully invested in two commercial properties providing a total of 16,700 m² of logistics and office space in the Dreispitz park of Münchenstein, in the canton of Basel-Country.

Constructed in 1993 and 1998, the assets are fully leased to the Swiss transportation company Fiege Logistik on a triple-net lease running until 2024.

The acquisitions amount to a total of CHF 27 mln (EUR 23 mln), of which CHF 12 mln in equity.

The fund is expected to generate returns of an annual 7-8.5% in the next 13 years.

Acron, with offices in Dallas and Tulsa, US, Zurich (Switzerland) and Düsseldorf (Germany) manages a number of closed property investments in the US and Switzerland for private individuals and institutional investors. In 2011 Acron entered the real estate investment market in Germany with the purchase of the four-Star Steigenberger hotel at New Capital Airport in Berlin.