Swiss Prime Site completes acquisition of the real estate asset
manager Fundamenta Group
Swiss Prime Site AG / Key word(s): Takeover
Swiss Prime Site completes acquisition of the real estate asset
manager Fundamenta Group
16.04.2024 / 07:00 CET/CEST
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PRESS RELEASE
Zug, 16 April 2024
* Closing on 15 April 2024
* Swiss Prime Site Solutions is the largest independent real estate asset
manager in Switzerland with a broad product range
* Seamless continuation of Fundamenta services
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:
Investor Relations, Florian Hauber
Tel. +41 58 317 17 64, florian.hauber@sps.swiss
Media Relations, Patrick Djizmedjian
Tel. +41 58 317 17 42, patrick.djizmedjian@sps.swiss
News Source: Swiss Prime Site AG
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End of Media Release
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Language: English
Company: Swiss Prime Site AG
Alpenstrasse 15
6300 Zug
Switzerland
Phone: +41 (0)58 317 17 17
E-mail: mladen.tomic@sps.swiss
Internet: www.sps.swiss
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