Pretium Invest Achieves Multi-Million Success
Pretium Invest has achieved a major success with the initial issuance of the Pretium Real Estate Fund. The fund launches with total assets of over 400 million francs.
With the Pretium Real Estate Fund, Pretium Invest has launched its first real estate fund under Swiss law. The initial issuance, conducted on a «best-effort basis,» attracted significant interest from investors. A total of 1,827,196 units were issued at a net issue price of CHF 101,50 per unit. The total fund assets amount to over CHF 400 million, according to a press release published on Thursday.
The proceeds from the initial issuance are intended for the acquisition of 13 properties that have already been secured. The portfolio is spread across prime locations in the cantons of Zurich and Thurgau. The acquisition of the properties is scheduled to take place immediately after the payment of the initial issue.
«With a total fund volume of over CHF 400 million, this initial issuance is unique in scale and underlines investors’ confidence in our strategy as well as in our first-class real estate portfolio,» said Salman Baday, CEO & Founding Partner of Pretium Invest.
«With our new fund management company and the real estate fund, we are deliberately focusing on sustainable, forward-looking, and stable investment solutions,» added Thomas Borer, Chairman of the Board of Directors at Pretium Invest.
