Latest news from Residentia

Purchase of property in Minusio

It is with great pleasure that Residentia announces the purchase of a new property. The purchase, which was made in March, is the former Hotel Alba Hotel in Minusio and includes a project to convert the hotel into 16 new apartments and to add two beautiful penthouses to be sold in the new viable plan.
The permit for the conversion and the raising of the building has already been issued and construction will begin this month in April 2016. The total cost for the entire transaction, including the purchase of the plot, is slightly below CHF 10 million and once the work is finished (expected to be at the end of 2016/beginning 2017), the property will have an estimated return of more than 5.6%, thanks to the sale of the penthouses and the commercial area already on the premises and rented out to Coop Pronto for the next 10 years.

For further information, please click here
http://www.residentia.ch/en/the-properties/properties-minusio

Purchase of property in Quartino

The Residentia Team is pleased to announce the purchase of a commercial property in Magadino-Quartino.
The property is a shopping centre strategically positioned along the main road of the Magadino plain. The building, thanks to its prime location and the layout of its indoor spaces, has a high number of tenants, thus diversifying its risk profile and guaranteeing high profitability. The property currently has a return of more than 8.20% and offers considerable revaluation potential.

The premises is in excellent condition and does not require any major work. It currently has a number of vacant commercial spaces, which, once rented out, will guarantee an additional income of approximately 10%.
For further information, please click here http://www.residentia.ch/en/the-properties/properties-quartino

This new purchase represents the continuation of the implementation of the financial plan drawn up by Residentia during its recent capital increase. We hope to keep you updated on further important news as soon as possible.

Acquiring property in Lugano

Residentia is pleased to announce the purchase of a residential building. The property, which was built in the late 1970s and is composed of 35 apartments and 2 offices, is located in a pleasant residential area in Lugano. Close to the commercial district and to the main roads, it offers an interesting housing mix. The estate has a current rentability of more than 5.60% and a significant margin in terms of property revaluation.

For more information please click here: http://www.residentia.ch/en/the-properties/properties-lugano

This purchase represents the fulfilment of the first in a series of projects planned during the recent capital increase. More news and confirmation will follow.

 

Apartments for sale

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UBS Fund Management (Switzerland) AG
Aeschenplatz 6
CH-4052 Basel

Pagani Real Estate SA
Corso Pestalozzi 3
CH-6901 Lugano

UBS Switzerland AG
Bahnhofstrasse 45
CH-8001 Zürich