Swiss Central City Real Estate Fund approved by the Swiss Exchange Commission
The SIX Exchange Regulation has approved Swiss Central City Real Estate for its listing on the stock exchange. This means that the real estate fund of Nova Property Fund Management AG can probably be traded on the SIX Swiss Exchange from mid-December.
The SIX Exchange Regulation has approved the Swiss Central City Real Estate fund for listing on the SIX Swiss Exchange . This means that the Zurich-based Nova Property Fund Management AG will be able to trade the real estate fund on the stock exchange from December 13th, according to a media release .
The fund is currently traded over the counter through Bank J. Safra Sarasin AG . In addition, the investment should also be included in the SXI Real Estate Broad and SXI Real Estate Funds Broad indices.
The real estate portfolio currently has a market value of CHF 400 million. The fund management company wants to expand this further by investing the fund’s assets in real estate in central locations across Switzerland.
For this year she is planning a distribution of CHF 2.50 per fund unit. In the coming years it should be increased further through the constant expansion of the property portfolio and the completion of further projects.