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Swiss Prime Site AG
/ Key word(s): Takeover
PRESS RELEASE Zug, 16 April 2024
Swiss Prime Site yesterday completed the acquisition of the real estate asset manager Fundamenta Group, which was agreed in March 2024. Anastasius Tschopp, CEO of Swiss Prime Site Solutions (SPSS), says: «The merger makes Swiss Prime Site Solutions the largest independent real estate asset manager in Switzerland with around CHF 13 billion in assets under management, around two-thirds of which are invested in residential property.» SPSS offers a broad range of investment products that cover comprehensive real estate asset management services tailored to the respective investors. Investors include pension funds, banks and insurance companies, family offices and individual investors. All of Fundamenta's product offerings and services will continue seamlessly with the existing clients; alongside the various products for institutional investors, this includes in particular the listed company Fundamenta Real Estate AG, which specialises exclusively in residential property. With the partial settlement of the purchase price in shares, Swiss Prime Site is creating 0.59 million (0.8%) new registered shares pari-passu with existing shares, thereby gaining the Luzerner Kantonalbank and the Garcia and Marxer families, among others, as new shareholders. With the completion of the acquisition, Swiss Prime Site is consistently pursuing its focussed two-pillar strategy of investing in real estate with its own and external capital. Together, Swiss Prime Site now manages properties worth around CHF 26 billion. René Zahnd, CEO of Swiss Prime Site, comments: «We warmly welcome all of Fundamenta's clients, investors and employees to the Swiss Prime Site group. Together with our own property investments, we thus cover all market areas and enable our investors and clients to benefit from our unique property platform.» If you have any questions, please contact: News Source: Swiss Prime Site AG
End of Media Release |
| Language: | English |
| Company: | Swiss Prime Site AG |
| Alpenstrasse 15 | |
| 6300 Zug | |
| Switzerland | |
| Phone: | +41 (0)58 317 17 17 |
| E-mail: | s |
| Internet: | |
| ISIN: | CH0008038389 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1880989 |
| End of News | EQS News Service |
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1880989 16.04.2024 CET/CEST
