Latest news from Residentia

The Residentia Team is happy to start the new year by announcing the conclusion of important real estate transactions that took place between the two current fiscal years.

In mid-December the sale of our property in Vacallo has been finalized. Object purchased in 2013 for CHF 12.3Mio and resold for CHF 15Mio. This sale allows the Fund to generate an important profit of more than CHF 1Mio compared to the last value in the balance sheet and to liquidate an asset no longer strategic for the Fund, which had a constant and high vacancy rate due also to the micro-regional situation of Chiasso.

The proceeds of this sale were immediately reinvested for the purchase of an equivalent property in Locarno, in a residential area close to the city center and the lakefront. The building, built in the first half of the '70s, is composed of 50 apartments of different types (1.5 rooms up to 5.5 rooms) and 37 parking lots (indoor and outdoor).

The object, in addition of offering an excellent location, enjoys a good general state of maintenance and will ensure a gross annual income of approx. CHF 670'000 that at the purchase price of CHF 13.3Mio represent an excellent 5%.

The activities undertaken in recent months do not end with this transaction, we hope to be able to give you confirmation of other important news in the coming weeks.

Wishing you all a year full of satisfaction, our most sincere greetings.
Residentia Team

Starting on February 1st 2021, UBS Fund Management (Switzerland) AG will take over Fidfund Management AG as Fund Management and UBS Switzerland AG as Custodian Bank.

Dear Friends and Esteemed Investors,

with a mixture of pride and excitement, our team is pleased to announce that more than 10 years after its creation, the Residentia Fund is ready to take a new and important step on the path to growth and success in the domestic real estate market. Starting on February 1st 2021, UBS Fund Management (Switzerland) AG will take over Fidfund Management AG as Fund Management and UBS Switzerland AG as Custodian Bank. In a period characterized by uncertainties and fears for the future, this new collaboration demonstrates Residentia's willingness to strive for the best for its investors and the excellence it has achieved so far. We would like to take this opportunity to thank Fidfund Management SA and Corner Banca SA for what they have achieved together and wish them every possible success.

A special thanks to Banca dello Stato del Cantone Ticino for the special cooperation during these years.

The Residentia Team is of course at your complete disposal for any questions or additional information you may have as a result of this important and decisive change.

Press release UBS Fund Management (Switzerland) SA

Publication modification
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Purchase of residential property in Bellinzona

The Residentia Team is pleased to announce the purchase of a large property in Ticino.

The property was built at the end of the 1960s and enjoys an enviable position in close proximity to the pedestrian area of Bellinzona. It offers 45 beautiful apartments that have been maintained in an excellent condition by the previous owner. The spacious apartments of varying sizes ensure that all the types of accommodation demanded by the market are offered, in addition to 19 internal and 15 external parking spaces, providing ample parking possibilities for residents.

The property currently generates a gross revenue of more than CHF 450,000, which compared to the outlay of slightly less than CHF 9.4 million for its purchase, guarantees an annual income of 4.8%. In addition to the excellent condition of the property and its superb location, the presence of a significant and unjustified vacancy rate will enable the generation of annual returns exceeding CHF 600,000 once the property is full.

With this acquisition, the Residentia Fund, completes its wealth optimisation programme, which during the course of the upcoming year should guarantee a perfect income balance.

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

 

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
Route de Signy 35
CH-1260 Nyon

Cornèr Banca SA
Via Canova 16
CH-6900 Lugano