Successful Initial Issue of IMMOFONDS suburban

Immofonds Asset Management AG has expanded its fund range and, in addition to the already excellently established real estate fund IMMOFONDS, has launched the new IMMOFONDS suburban, which focuses on attractive residential properties outside Switzerland's major centers. The initial issue of IMMOFONDS suburban with an issue volume of CHF 40.0 million was successfully completed with the subscription closing today, December 2, 2021. The shares will be paid up on December 10, 2021. The incoming funds will be used for the acquisition of three residential properties and one mixed-use property. The corresponding properties with a total value of around CHF 43 million have already been secured. The issue was accompanied by Zuger Kantonalbank as Lead Manager and Placing Agent.

Zurich, December 2, 2021 – The fund management company Immofonds Asset Management AG has expanded its fund range with the new real estate fund IMMOFONDS suburban, an attractive investment vehicle. The real estate fund receives funds of CHF 40.0 million from the successful initial issue, divided into 400,000 shares at an issue price of CHF 101.50 net per share. The shares will be paid up on December 10, 2021. The issue proceeds will be invested within the investment policy of IMMOFONDS suburban. Three attractive residential properties and one mixed-use property in the cantons of Aargau, St. Gallen, and Schaffhausen have already been secured. The portfolio comprises 82 apartments with a total living space of 6,800 m2 and commercial space of 900 m2. The market value of the portfolio is around CHF 43 million with an annual target rent of CHF 1.7 million, and the gross yield amounts to 4.1%.

«Our passion is real estate and the development of real estate portfolios. With the launch of IMMOFONDS suburban, we offer qualified investors an interesting investment opportunity in residential properties in promising regions. We have set ourselves ambitious goals and want to build up the total portfolio of IMMOFONDS suburban to CHF 1 billion in the coming years» says Gabriela Theus, Managing Director of Immofonds Asset Management AG.

The investment focus of IMMOFONDS suburban is on residential properties in good micro-locations with interesting, innovative, and sustainable development prospects throughout Switzerland. The strategic focus of real estate investments is in the greater Lake Constance region, Central Switzerland, southern Jura arc, Rhine Valley, Valais, and Ticino. The investment objective of IMMOFONDS suburban is aimed at long-term substance development with attractive return opportunities for substantial and regular distributions. IMMOFONDS suburban is a real estate fund under Swiss law approved by the Swiss Financial Market Supervisory Authority FINMA, which is currently not listed on the stock exchange and is open to qualified investors with a medium to long-term investment horizon.

All relevant documents regarding the initial issue can be obtained from the fund management or the custodian bank.