After
receiving definitive approval from the Swiss Financial Market
Supervisory Authority (FINMA) on 28 January 2021, UBS Asset
Management’s property business, Real Estate Switzerland, took
over the fund management of Residentia on 1 February 2021 as
planned.
Residentia
was founded in 2009 in accordance with Swiss law and is the
only fund in the market with an investment focus on Southern
Switzerland. The portfolio primarily comprises residential
property in the canton of Ticino, with total assets of around
CHF 275 million (as of 30 June 2020). A strong local presence
will be maintained through the collaboration with Pagani Real
Estate SA, which will support the fund management company in
areas such as real estate management, property transactions
and investor relations.
Real
Estate Switzerland’s proven 75-year track record, combined
with local expertise, set out the ideal qualifications to
continue the successful management of Residentia as well as
the existing property portfolio in the future.
You
can find more information at www.ubs.com/realestatefunds-switzerland
and at www.residentia.ch. |