Swiss Prime Site Acquires Fundamenta Group, Expands Asset Management Hold

Swiss Prime Site AG has finalized the acquisition of Fundamenta Group, a key real estate asset management company, effective from April 15, 2024. This acquisition cements Swiss Prime Site Solutions (SPSS) as the largest independent real estate asset manager in Switzerland, managing assets worth approximately CHF 13 billion, with a significant focus on residential properties.

The combined entity will maintain all of Fundamenta's existing services and product offerings aimed at a diverse set of investors, including pension funds, banks, insurance companies, and individual investors. The continuation of services is planned to be seamless, with special emphasis on Fundamenta Real Estate AG, which focuses exclusively on residential properties.

As part of the transaction, Swiss Prime Site issued new shares, introducing significant stakeholders such as Luzerner Kantonalbank and the Garcia and Marxer families into its shareholder base. This strategic move is part of Swiss Prime Site's broader focus on a two-pillar strategy, further consolidating their market position with a total asset management portfolio worth about CHF 26 billion. CEO René Zahnd expressed enthusiasm for the integration, emphasizing the comprehensive market coverage and enhanced service platform this merger creates.