On 1 February 2021, Real Estate Switzerland took over the fund management of the real estate fund Residentia, whose investments are focused in the south of Switzerland.
Mid-November, the fund team announced the successful acquisition of its first residential portfolio in Lugano and Caslano. The property in Lugano is small comprising five apartments. All apartments on the upper floors enjoy views of the lake. The property in Caslano holds 30 apartments, and 38 indoor and 11 outdoor parking spaces. It was connected 2018 to the district heating with its energy being provided by wood pellets. The acquisition of these two properties – totalling an investment volume of close to CHF 10 million – will boost the earnings power of the property portfolio and underpin the fund’s strategic focus (increasing the share of residential use).