• Target investors: Tax-exempt pension institutions domiciled in Switzerland.
  • Use of proceeds: Expansion of residential use within the portfolio through construction, development and densification projects in the existing portfolio.
  • Portfolio: Broad geographic diversification across Switzerland; mixed-use portfolio with a clear focus on residential properties.
  • Sustainability: Net-zero target by 2050 with binding interim targets.
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    UBS AST 4 Real Estate Switzerland

    Real estate investment vehicle for Swiss pension institutions with a clear focus on residential properties

    Number of properties: 177

    Market value: approx.
    CHF 8,4 mia.

    Investment return: 5,1%

    The investment group UBS AST 4 Real Estate Switzerland (formerly CSA Real Estate Switzerland) closed the extended financial year as of 30 September 2025 with an investment return of 5.9% over 15 months (12 months: 5.1%). Despite completed disposals, the portfolio value increased by approximately 0.8% to around CHF 8.4 billion.

    The consistently pursued sustainability strategy is reflected in the fact that more than 40% of the property assets are already supplied with renewable energy.

    During the reporting period, several major projects were successfully completed, including the Cour de Gare district in Sion and the Quartier en Dorigny in Chavannes-près-Renens.

    Past performance is not indicative of future performance.

    Data as at 30 September 2025. Further information can be found in the Facts & Figures on UBS AST 4 Real Estate Switzerland.(PDF, 5 MB)

    Information on investment objectives, risks, fees and costs of the product, as well as further detailed information, can be found in the prospectus (or the relevant offering document), which should be carefully read before making any investment.

    Our products are classified as sustainable products in accordance with the current version of the AMAS self-regulation (“Self-regulation on transparency and disclosure for collective investment schemes with a sustainability focus”). By applying the investment approaches of ESG integration and climate alignment, we pursue both qualitative and quantitative sustainability objectives.

    Further information on our overarching sustainability commitment is available on our sustainability website.

    For marketing and information purposes by UBS.

    UBS funds under Swiss law.

    Only occupational pension schemes domiciled in Switzerland, their asset managers (for the assets of these institutions) and other investment foundations are eligible investors in investment foundations, in accordance with the Ordinance on Investment Foundations (ASV).

    The TER (Total Expense Ratio) is an indicator of the burden, among other things, on real estate investment groups and real estate funds due to operating expenses. The burden should be considered in relation to total assets (GAV) as well as net assets (NAV), and for listed real estate funds, in relation to both the total fund assets (GAV) and the market value (MV).

    Before investing in a product please read the latest prospectus and key information document carefully and thoroughly. Any decision to invest should take into account all the characteristics or objectives of the fund as described in its prospectus, or similar legal documentation. Investors are acquiring units or shares in a fund, and not in a given underlying asset such as building or shares of a company. The information and opinions contained in this document have been compiled or arrived at based upon information obtained from sources believed to be reliable and in good faith, but is not guaranteed as being accurate, nor is it a complete statement or summary of the securities, markets or developments referred to in the document. Members of the UBS Group may have a position in and may make a purchase and / or sale of any of the securities or other financial instruments mentioned in this document. Units of UBS funds mentioned herein may not be eligible for sale in all jurisdictions or to certain categories of investors and may not be offered, sold or delivered in the United States. The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The calculated performance takes all costs on the fund level into consideration (ongoing costs). The entry and exit costs, which would have a negative impact on the performance, are not taken into consideration. If whole or part of the total costs to be paid is different from your reference currency, the costs may increase or decrease as a result of currency and exchange rate fluctuations.

    Commissions and costs have a negative impact on the investment and on the expected returns. If the currency of a financial product or financial service is different from your reference currency, the return can increase or decrease as a result of currency and exchange rate fluctuations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. Future performance is subject to taxation which depends on the personal situation of each investor and which may change in the future. The details and opinions contained in this document are provided by UBS without any guarantee or warranty and are for the recipient's personal use and information purposes only.

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    Prospectuses, key information document, the articles of association or the management regulations as well as annual and semi-annual reports of UBS funds are available in a language required by the local applicable law free of charge from UBS Asset Management Switzerland AG, c/o UBS AG, Bahnhofstrasse 45, 8001 Zürich or from UBS Fund Management (Switzerland) AG, P.O. Box

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