UK markets closed
  • FTSE 100

    7,234.03
    +26.32 (+0.37%)
     
  • FTSE 250

    22,984.24
    +123.85 (+0.54%)
     
  • AIM

    1,229.10
    +4.02 (+0.33%)
     
  • GBP/EUR

    1.1848
    +0.0063 (+0.53%)
     
  • GBP/USD

    1.3751
    +0.0074 (+0.54%)
     
  • BTC-GBP

    45,033.84
    +1,749.16 (+4.04%)
     
  • CMC Crypto 200

    1,464.06
    +57.32 (+4.07%)
     
  • S&P 500

    4,471.37
    +33.11 (+0.75%)
     
  • DOW

    35,294.76
    +382.20 (+1.09%)
     
  • CRUDE OIL

    82.66
    +1.35 (+1.66%)
     
  • GOLD FUTURES

    1,768.10
    -29.80 (-1.66%)
     
  • NIKKEI 225

    29,068.63
    +517.70 (+1.81%)
     
  • HANG SENG

    25,330.96
    +368.37 (+1.48%)
     
  • DAX

    15,587.36
    +124.64 (+0.81%)
     
  • CAC 40

    6,727.52
    +42.31 (+0.63%)
     

Swiss Prime Site: another milestone on the way to a comprehensive real estate investment platform

  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Swiss Prime Site AG / Key word(s): Funds/Regulatory Approval

23-Sep-2021 / 06:56 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

Ad Hoc announcement pursuant to article 53 LR

PRESS RELEASE

Olten, 23 September 2021

Swiss Prime Site Solutions receives FINMA licence as a fund management company pursuant to FinIA
Swiss Prime Site Solutions AG, a group company of Swiss Prime Site, has received legally binding authorisation from the Swiss Financial Market Supervisory Authority (FINMA) to manage collective investment schemes under Swiss law and offer self-managed funds. This will enable the well-established real estate asset manager to significantly expand its range of services and is expected to accelerate the strong growth rate achieved in recent years. «Obtaining the FINMA fund management licence was one of our strategic goals for the current financial year. This opens the door to offering real estate investment opportunities that meet investors' needs», says René Zahnd, CEO Swiss Prime Site. Anastasius Tschopp, CEO Swiss Prime Site Solutions, adds: «We are pleased to have overcome this necessary regulatory hurdle. The entire team has been hard working on a first product to make sure we can enter the market for real estate investment funds by the end of the year. This product will shortly be presented to qualified investors.» Swiss Prime Site Solutions was able to recruit three proven and experienced specialists for the new services: Maximilian Hoffmann, Fabian Linke and Samuel Bergstein.


Real estate asset management driving the group's growth
With its authorisation as a fund management company, Swiss Prime Site Solutions will now be able to expand its services in line with its strategy, while also basing its business model on three pillars. Since 2017, the company has been successfully entrusted with the executive management and asset management advisory of the Swiss Prime Investment Foundation. Assets under management have since more than doubled to over CHF 2.8 billion. Asset management advisory for third parties was also successfully established at the end of 2020. In this area of business, Swiss Prime Site Solutions has assets under advice of around CHF 0.5 billion from different pension funds and has further significant mandates for building up real estate portfolios in the pipeline. «The FINMA fund management licence will now enable us to expand the business model of Swiss Prime Site Solutions to include the third pillar of real estate funds. This steadily brings us closer to our goals of doubling the asset management volume to CHF 7 billion by 2025, significantly increasing the profitability of Swiss Prime Site Solutions to CHF 30 million p.a. and growing together as a group into a genuine real estate investment platform», concludes René Zahnd.

If you have any questions, please contact:

Investor Relations, Markus Waeber
Tel. +41 58 317 17 64, markus.waeber@sps.swiss

Media Relations, Mladen Tomic
Tel. +41 58 317 17 42, mladen.tomic@sps.swiss


End of ad hoc announcement

Language:

English

Company:

Swiss Prime Site AG

Frohburgstrasse 1

4601 Olten

Switzerland

Phone:

+41 (0)58 317 17 64

E-mail:

markus.waeber@sps.swiss

Internet:

www.sps.swiss

ISIN:

CH0008038389

Listed:

SIX Swiss Exchange

EQS News ID:

1235429


 

End of Announcement

EQS Group News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting