The real estate company will now market its specialized investment fund for Swiss commercial real estate in Germany as well. Transmission of the marketing application to Germany's Federal Financial Supervisory Authority (BaFin) in October 2014 marked the start of marketing to professional and semi-professional investors.
The specialized investment fund for Swiss commercial real estate was previously on sale in Luxembourg and Switzerland (to qualified investors according to the Federal Act on Collective Investment Schemes only).
The new ACRON specialized investment fund for Swiss commercial real estate will hold office, retail, hotel, and logistics properties in various locations in Switzerland. Mid-sized properties ranging in value from CHF10 to 60 million (approx. €8 to 50 million) per property will allow for active portfolio management and transactions during the life of the fund. The planned investment volume amounts to CHF650 million (€538 million), an annual distribution yield of 5.0% is forecast.
Switzerland is delivering solid economic growth. Investments in construction are still very robust. Nonetheless, current vacancy rates for office space of 1.5% in Berne, 2.7% in Zurich and 3.3% in Geneva still fall well below European averages of 6.0% in London, 10.4% in Brussels, and 12.0% in Frankfurt (as of H1 2014).
According to Kai Bender, CEO of ACRON AG, "The Swiss real estate market has become more transparent in recent years. At the same time, confidence in Switzerland as an investment target remains unshaken. We are positive that Swiss commercial real estate is one of the world's best investments." ACRON has acquired 14 commercial properties in Switzerland since 2000, including office, hotel, logistics, and retail properties, with a transaction volume of CHF668 million (€553 million).