Latest news from Residentia

Villa Zappia - Paradiso : Pre-sale Agreement

The Residentia team is pleased to announce that the fund Residentia has signed a pre-sale agreement for its property in Via Carona 6, Lugano. The agreement is subject to LAFE authorization and to the reception of a building license for a new property project which would be realized on the area. The transaction is expected to be finalized by the end  of 2015.

Property sale in Giubiasco

We are pleased to inform you that in order to optimize our portfolio, we have sold a land property in Giubiasco. Due to its limited surface and a yield lower than our average target, this property was not functional for our development. The profit will be used to reduce our leverage ratio and to perform more strategic investments that we are currently evaluating.
The property was bought back in 2010 for CHF 800’000 and we realized the sale for CHF 1’850’000 after having received the construction license and sealed a general construction agreement for the edification of the projected building. The whole operation has been concluded with a profit of CHF 157’000 which means a ROE of about 10%.
We are also satisfied by the fact the new owner has expressed the intention to take on with the original Residentia’s plan of keeping the new building as rental property and not pursuing a more speculative sale strategy.

Sale of land in Massagno

Residentia is pleased to announce the sale of one of its property located in Massagno: a piece of land with an approved project for a 22 apartments block. We decided and succeed to sell the property with an important capital gain for our fund which would allow us to proceed with further investment with higher profitability in short term.
Other information regarding our activities would be published shortly.


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UBS Fund Management (Switzerland) AG
Aeschenvorstadt 1
CH-4051 Basel

Pagani Real Estate SA
Corso Pestalozzi 3
CH-6901 Lugano

UBS Switzerland AG
Bahnhofstrasse 45
CH-8001 Zürich