Immo-Flash

The capital increase for UBS Direct Residential, which took place between 21 and 29 October 2021, has been fully placed. All new units were fully subscribed, with the fund receiving new equity of approx. CHF 97 million. The activities of the recent months in strong locations in the regions of Basel, Baden, Lausanne and Zurich, highlight the portfolio’s ongoing growth.

UBS Direct Residential – invests in attractive residential and living space. The fund’s ethos is to invest directly in residential buildings and to create a high-quality and diversified portfolio. Its investments are concentrated in selected conurbations throughout Switzerland. The portfolio is currently worth CHF 800 million and comprises 77 properties.

In mid-September, UBS «Sima» acquired another attractive new construction project with an investment amount of approx. CHF 142 million. The planned «Metropol» project is located between Bahnhofstrasse and Tödistrasse and occupies a central position in Wetzikon. With the planned demolition of the existing building complex and the construction of a contemporary building (in two phases), the property/location will be repositioned as a center right in the heart of Wetzikon. The properties at Bahnhofstrasse 105, 107, and 115 will be retained and partially renovated. The lower floors will help revitalize Bahnhofstrasse with their public focus and commercial uses including shops, gastronomy, and services. The residential buildings above will contain a wide range of apartment types. Works will start this winter and are expected to continue until autumn 2025 (first phase autumn 2023).

The portfolio includes a mix of central and inner-city locations and boasts different building types: from an old-town property to a modern, light-flooded building. The main use of the properties is commercial (retail and office), supplemented by a residential share of close to 10%. Most of the commercial space is let on the long contracts. The successful completion of this transaction will support UBS Direct Urban on its strategic growth path. Its portfolio has grown by three more attractive properties. The completion date for the acquisition was 1 November 2021 and the invested volume is approx. CHF 45 million.

1 UBS Anfos = UBS (CH) Property Fund - Swiss Residential Anfos, UBS Foncipars = UBS (CH) Property Fund - Léman Residential Foncipars, UBS Sima = UBS (CH) Property Fund - Swiss Mixed Sima, UBS Swissreal = UBS (CH) Property Fund - Swiss Commercial Swissreal, UBS Direct Residential = UBS (CH) Property Fund – Direct Residential, UBS Direct Urban = UBS (CH) Property Fund – Direct Urban, UBS AST-IS = UBS AST Real Estate Switzerland, UBS AST-KIS = UBS AST Commercial Real Estate Switzerland