Early extension of contract with Swiss Prime Investment Foundation Dienstag, 24. September 2019 - 08:00
PRESS RELEASE
Zürich, 24 September 2019
Early extension of contract with Swiss Prime Investment Foundation
- Successful collaboration between Swiss Prime Site Solutions and SPIF
- Strong performance and profitable growth
Successful collaboration between Swiss Prime Site Solutions and SPIF
Since 2017, Swiss Prime Site Solutions has been the real estate asset manager for the Swiss Prime Investment Foundation (SPIF) property portfolio. The last 18 months in particular have seen the partnership intensified and professionalised. In this period, the property assets of the Swiss Prime Investment Foundation grew from CHF 1.4 billion to over CHF 2.2 billion. On the basis of this success, Swiss Prime Investment Foundation has decided to carry out an early extension to its asset management contract with Swiss Prime Site Solutions, to 2023. Jérôme Baumann, Chairman of the Foundation Board of the Swiss Prime Investment Foundation: «We are delighted to have such a reliable and professional partner as Swiss Prime Site Solutions. The know-how of the entire team, the tailored services and the market knowledge of our partners enable us to deliver attractive returns and strong growth to our investors.»
Strong performance and profitable growth
Since 2018, Swiss Prime Site Solutions has offered a range of services and implemented investment solutions for its client Swiss Prime Investment Foundation. This includes capital increases – two completed and one current – with a total volume of over CHF 500 million. This resulted in acquisitions of over 30 properties with a total value of around CHF 600 million. The project pipeline was also successfully developed with a volume of over CHF 0.5 billion, portfolio management extensively optimised and major new tenants acquired. Anastasius Tschopp, CEO Swiss Prime Site Solutions: «We are very grateful for the trust that our client Swiss Prime Investment Foundation has shown in us. At the same time, we are proud that we have managed to contribute to their profitable growth with our Portfolio Management, Development & Construction, Acquisition & Sales services, as well as capital raising measures.»
If you have any questions, please contact:
Anastasius Tschopp, CEO Swiss Prime Site Solutions
Tel. +41 58 317 17 33, anastasius.tschopp@sps.swiss
Mladen Tomic, Media Relations
Tel. +41 58 317 17 42, mladen.tomic@sps.swiss
Swiss Prime Site Solutions AG
Swiss Prime Site Solutions is a group company of the listed Swiss Prime Site AG. The real estate asset manager, which has more than CHF 2 billion in assets under management and a pipeline of over CHF 500 million, develops tailor-made services and real estate solutions for third-party clients. Swiss Prime Site Solutions has been approved by the Swiss Occupational Pension Supervisory Commission (OPSC) as an asset manager for occupational pensions pursuant to Art. 48f para. 5 OPP 2.
THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF SWISS PRIME SITE AG HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
