Swiss Prime Site Solutions aims to further strengthen its existing market position in the field of real estate asset management & services and to expand these activities significantly in the years to come. Plans envision an increase in assets under management to some CHF 7 billion. The real estate asset manager is expected to generate an EBIT contribution of CHF 30 million by 2025, thereby compensating for the loss of operating income from the sold group company Tertianum.
Strong growth since launch
Swiss Prime Site Solutions has been managing the real estate portfolio of the Swiss Prime Investment Foundation since 2017. Since its launch, the total assets of the first investment group «SPIF Real Estate Switzerland» have grown profitably from CHF 0.4 billion to around CHF 2.4 billion (as of 30 September 2020) through successful acquisitions and development projects. Results in the third quarter of 2020 have likewise been encouraging. Two transactions to the tune of roughly CHF 160 million were successfully concluded. Moreover, the purchase of a unique property is imminent. The seventh issue was launched on 26 October and will continue through to 9 December 2020.
Expansion of the product range
Swiss Prime Site Solutions posted a promising start to the fourth quarter of 2020. The «SPIF Living+ Europe» investment group was launched on 1 October 2020. This new product invests in European real estate with various attractive residential uses. The product has a particular focus on the Senior Living segment. Student housing, service apartments, micro living and other segments provide diversification. The initial issue will run until 22 December 2020. Other investment groups attractive to pension funds will follow starting in 2021.
Structuring and development of fund products
In order to further expand the product base of Swiss Prime Site Solutions, a separate fund management company will be set up. The application for the requisite licence from FINMA is in the works. The fund products will commence in 2021. Plans are in place to make even more active use of existing synergies with Swiss Prime Site Immobilien. «We are looking forward to the challenges that lie ahead and are well equipped to accomplish our ambitious goals with our growing team», says Anastasius Tschopp, CEO Swiss Prime Site Solutions.