Latest news from Residentia

10th anniversary Residentia

This summer, which marks the fiftieth anniversary of the Apollo 11 mission and the first man on the moon, we’d like to take a moment to celebrate ten years of a project that, although somewhat less ambitious, is equally as visionary and successful.

In June 2009, after years of work and preparation, we finally launched the Residentia Fund, the first and only real estate fund in the Italian-speaking area of Switzerland.

Following on from the financially turbulent, uncertain and troubled period of the 2008 financial crisis, we developed what is still the only dependable and nationally recognised financial tool for investing in Ticino’s real estate sector.
A vehicle that has always had strong ties to the local area, building firm foundations for long-lasting, prosperous development, which still looks to the future and the new challenges it holds for us.

Over the last ten years, Residentia has demonstrated great ability and forward-thinking in its actions, with both these qualities enabling it to grow on a constant and consistent basis. From an initial figure of 40 million CHF, the fund has pursued a course of expert and steady growth, so that it now manages a real estate portfolio worth more than 240 million CHF subdivided into twenty-two properties. However, this growth has taken place without overlooking fundamental principles such as the soundness of the selected properties, the high revenue generated by purchases, ongoing maintenance and investments in its assets, and care and respect for its tenants.

Thanks to our proven solidity and our partners who have always assisted and backed us, Residentia and its team are ready to take on the new decade that awaits us, confident that we will never be lacking in the commitment, enthusiasm and expertise that have enabled us to reach this goal: “one small step for mankind, one giant leap for Residentia!”

We’d like to thank you all for the belief you have always shown in us.

Purchase of properties in in Massagno - Rivera

The Residentia team is pleased to announce the purchase of two important properties in Ticino.

The first property occupies a strategic position in the municipality of Massagno, adjacent to the motorway junction, the railway station and the canton hospital, within an easy distance of the town centre. It comprises twenty-one residential apartments and five commercial premises on the ground floor. It also offers significant potential for further development. The property currently generates 410,000 CHF per year, with a potential yield of 5.40%.

The second property comprises two separate buildings in the centre of Rivera, facing the railway station and adjacent to the junction on the Lugano-Bellinzona motorway. One of the buildings is commercial, with a satellite Denner supermarket on the ground floor and offices on the upper floors, while the second building is residential, with six apartments spread over three raised floors. The property currently generates 450,000 CHF per year, but this figure is expected to rise thanks to the refurbishment works that will be carried out in partnership with Denner over the next few months and that should permit a yield of over 6%.

The purchase of both properties – Massagno and Rivera ‒ for 16 million CHF will enable the Residentia fund to increase its rental income to more than 850,000 CHF per year and to optimise the fund’s debt level.

A number of important purchases are planned for the coming months. Information will be provided as soon as they have been formalised.

Purchase of property in Melide

Residentia, the real estate fund investing in property in the Italian part of Switzerland, is pleased to announce the purchase of a new property in the Municipality of Melide, namely a property divided into two buildings, hosting a total of 9 apartments, 2 offices and 6 business units that benefit from a strategic position along the cantonal road towards Lugano, in the immediate vicinity of the motorway exits and the SBB railway station.
With regard to the condition of the two buildings, the first one was completely renovated in 2018, whereas the second one was built in the mid-1990s and designed by a well-known architect from Ticino.
The gross profitability of the new purchase will exceed 5.5% - given the excellent state of the property – meaning its net income will be significantly above average. For more information, please see the webpage http://www.residentia.ch/it/gli-immobili/melide

Purchase of property in Giubiasco - Sagittario District

In keeping with its strategic development and consolidation policy, the Residentia Fund is pleased to announce the purchase of a new property in the Sagittario District in Giubiasco, where it already owns a building with 25 units.
The new purchase will increase Residentia’s influence within the District, as well as its influence over the dynamics that govern the management of the latter. In fact, Residentia will become the second co-owner of the entire complex, meaning that the Fund will be able to make a greater impact on its management, optimising costs and benefits for residents and the general profitability of the two buildings.
The building, consisting of 20 residential units and 20 underground parking spaces, was bought for CHF 6.4 million and has a potential gross profitability of 5.40%. The building has also been divided into condominiums, offering the possibility of assessing its divestment into individual apartments in the future, which would guarantee considerable profits for the Fund through its resale.
Residentia remains active on the market, looking for properties that ensure its constant growth and performance in line with the properties currently in its portfolio. We are confident that it won’t be long until we are back to inform you of our involvement in new and important projects.

Purchase of property in Via Besso – Lugano

Thanks to the recent capital increase, Residentia is pleased to announce the purchase of an important historic-industrial building in the central area of Lugano.
The building, located in Besso and built at the end of the 19th century as a chocolate factory for the Tobler company, is architecturally unique in Lugano. It is, in fact, one the few urban industrial buildings that is still standing in our region with more than 3000m2 of commercial/workshop space. Its vicinity to the station and motorway access makes it a particularly interesting property. In view of its architectural qualities, the building is protected both historically and culturally. The Residentia Fund, fully grasping the unexpressed potential of the property, decided to purchase it for CHF 7.55 million with the aim of launching a renovation and enhancement project that will exploit it to the full in line with current standards. The work, which ought to start at the beginning of 2018, envisages an initial investment of approx. CHF 4 million to bring the building envelope and all the technical equipment up to standard. Subsequently, an assessment will be made of the personalisation of the spaces with the respective tenants in order to offer them the most appropriate solutions for the various purposes to which the building is suited. Once the work is complete the potential income of the building ought to stand at over CHF 600,000 per annum , thus guaranteeing  a profitability of approx. 5%.

Purchase of properties in Biasca – Bellinzona

In view of the new, recently-concluded capital increase, the Residentia Team is pleased to announce the purchase of 3 properties in Ticino previously blocked through purchasing rights.
The first is a property located in the municipality of Biasca adjacent to a property already owned by the Residentia Fund. Built at the beginning of the 1980s, the property consists of 27 apartments of various sizes and 14 external garages, and will guarantee the Fund annual returns exceeding CHF 300,000 against a purchase price of CHF 6,000,000. Residentia will therefore have an important real estate complex that is strategically located in Biasca, consisting of more than 80 apartments with a total annual income exceeding CHF 800,000.
The other properties purchased are two adjacent cadastral map parcels in the northern area of Bellinzona on one of the main roadways of the capital. This location guarantees optimum visibility for the businesses in the buildings and offers strategic accessibility to its residents. The properties have two buildings consisting of 20 and 21 apartments respectively and 2 small shops. The annual rental income currently stands at near CHF 600,000, with significant potential for increase given the current rents in the buildings. The total cost for the purchase of the two parcels is CHF 10.1 million.

 

Banca dello Stato del Cantone Ticino
Viale H. Guisan, 5
CH-6500 Bellinzona

Studio Fiduciario Pagani SA
Corso Pestalozzi 3
CH-6901 Lugano

FidFund Management SA
Ch. De Précossy 11
CH-1260 Nyon

Cornèr Banca SA
Via Canova 16
CH-6900 Lugano