Fundamenta to be integrated into the Asset Management division Swiss Prime Site Solutions (SPSS). Fundamenta will bring a considerable investor base of 2,000 institutional and private real estate investors. SPSS’s existing product portfolio will be expanded with the listed vehicle Fundamenta Real Estate AG, as well as a Luxembourg SICAV fund and further investment products. The transaction will be financed in cash (75%) and shares (25%)
Rene Zahnd, CEO of Swiss Prime Site, said: "Fundamenta is a perfect fit for us. With this move, we are continuing to pursue our focused real estate strategy and substantially strengthening the asset management arm of Swiss Prime Site Solutions. We are thereby growing and expanding our investor base and broadening our product range, especially in the residential segment. Furthermore, we will now be able to offer our Swiss clients direct access to the German real estate market, which we believe will present an attractive option alongside Swiss investments in future. Throughout the whole process, our team and I also felt we were a really good fit culturally. On that note, I would like to extend a warm welcome to all our new clients and employees.”
David Garcia, founder and director of Fundamenta Group, added: “Having founded and then successfully built the company over the past 18 years, our family is now very proud to be handing over our real estate division to Swiss Prime Site. Ensuring long-term continuity for investors, employees and partners was a key concern for us during the process. But with Swiss Prime Site, this is now guaranteed.”
Image source - Pexels.
Europe Real Estate — an overview of real estate developments in European countries.
