Swiss Prime Site completes acquisition of real estate asset manager Fundamenta Group

16 April 2024

• Closing per 15. April 2024
• Swiss Prime Site Solutions is the largest independent real estate asset manager in Switzerland with a wide range of products
• Unchanged continuation of Fundamenta services

Yesterday, Swiss Prime Site completed the takeover of the real estate asset manager Fundamenta Group, which was agreed in March 2024. Anastasius Tschopp, CEO of Swiss Prime Site Solutions (SPSS), says: “The merger creates Swiss Prime Site Solutions, the largest independent real estate asset manager in Switzerland with around CHF 13 billion in assets under management, around two thirds of which is invested in residential real estate are.” SPSS offers a wide range of investment products, which cover comprehensive real estate asset management services tailored to the respective investors. The investors include, among others, pension funds, banks and insurance companies, family offices and individual investors.

All Fundamenta product offerings and services will continue unchanged with the existing contact persons; In addition to the various products for institutional investors, this also includes the listed company Fundamenta Real Estate AG, which specializes exclusively in housing.

With the pro rata payment of the purchase price in shares, Swiss Prime Site creates 0.59 million (0.8%) new registered shares that are equivalent to the existing ones and thus gains, among others, the Luzerner Kantonalbank and the Garcia and Marxer families as new shareholders.

With the completion of the takeover, Swiss Prime Site is consistently continuing its focused two-pillar strategy of investing in real estate with its own and external capital. Together, Swiss Prime Site manages properties with a market value of around CHF 26 billion. René Zahnd, CEO of Swiss Prime Site, comments: “We warmly welcome all customers, investors and employees of Fundamenta to the circle of Swiss Prime Site. Together with our own real estate investments, we cover all market needs and enable our investors and customers to benefit from our unique real estate platform.”

Source: Swiss Prime Site