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.