SOLUFONDS SA to take over "Procimmo Swiss Commercial Fund II" as new ManCo
We are pleased to manage the fifth fund for the asset manager Procimmo SA as fund management company as of 1 January 2020, subject to FINMA approval.
The transfer of the fund management is intended to enhance the synergies of the portfolio management activities of Procimmo SA. The aim is to make optimal use of the already standardized and efficient processes between SOLUFONDS SA as fund management company and Procimmo SA as asset manager.
The asset manager Procimmo SA and the fund management company SOLUFONDS SA can look back on many years of successful cooperation: SOLUFONDS SA acts already the fund management company for four funds managed by Procimmo SA (Procimmo Swiss Commercial Fund 56, Immobilier-CH pour Institutionnels 56j, Polymen Fonds Immobilier and Streetbox Real Estate Fund), with a total volume of currently almost CHF 1.4 billion.
Procimmo Swiss Commercial Fund II was launched in May 2014 for qualified investors. The fund invests mainly in commercial real estate, in particular commercial and industrial real estate, outside city centres (in peripheral but economically active locations). The investment philosophy focuses on easily accessible locations close to motorways and properties with high potential for appreciation.
SOLUFONDS was founded in 2008 and is an independent fund management company regulated by FINMA. Its main focus is on structuring and managing collective investment funds under Swiss law, particularly in the real estate sector, and on private labelling for third-party investment funds. The fund management company provides its services to institutional clients who do not wish to structure and administer their own funds themselves. SOLUFONDS has almost 30 employees and is responsible for assets under management at the offices in Signy and Zurich of over CHF 2.5 billion.