Zurich-based Swisscanto has launched a new real estate fund investing in Swiss commercial properties. The pension fund said that it has raised CHF 200 mln (nearly EUR 150 mln) for the investment vehicle, which is aimed at pension institutions, financial intermediaries and insurers.
Zurich-based Swisscanto has launched a new real estate fund investing in Swiss commercial properties. The pension fund said that it has raised CHF 200 mln (nearly EUR 150 mln) for the investment vehicle, which is aimed at pension institutions, financial intermediaries and insurers.
According to the company, the Swiss property sector currently offers attractive yield opportunities and stable returns.
'The real estate market has proved its worth as a stabilising element in investment portfolios, in particular during the financial crisis,' it said. 'Taking a stake in commercially used properties is still inexpensive for investors.' The company has CHF 5 bn of property assets under management.
The Swisscanto Real Estate Fund will invest directly in commercial assets with high-quality standards and long-term, indexed tenant agreements.
In Switzerland, Swisscanto is one of the leading investment fund providers and asset managers. As a joint venture of the Swiss Cantonal Banks, it manages clients' assets worth CHF 60.4 bn with offices in Zurich, Berne, Basle, Pully, Neuchâtel and London.