Schroder ImmoPlus - Ad hoc announcement
As per November 1, 2015, Schroder ImmoPLUS successfully closes a transaction, whereby six residential properties were sold and in turn, three commercial properties were acquired:
- Sale of six non-strategic residential properties totalling CHF 120 million;
- Realisation of a capital gain of CHF 15 million (14.7%) after transfer costs and before tax;
- Acquisition of three commercial properties in the area of Bern, Geneva and Zurich, totalling CHF 129 million;
- The remaining term of the lease contracts regarding the three fully leased commercial properties is around 10 years.
With this transaction, the residential share within the Schroder ImmoPLUS fund is reduced from 11% to 5%, which reflects the fund’s increased focus on high-yielding commercial properties.
For further information, please contact:
Roger Henning, Head Real Estate Switzerland +41 (0) 44 250 12 91
Béatrice Hirzel Corte, Head Communication Switzerland +41 (0) 44 250 12 14