New member of KGAST
New member of KGAST

Outperformance with Swiss real estate projects

The Swiss Development investment groups from the Steiner Investment Foundation enable Picard Angst to offer Swiss pension funds two attractive real estate investment solutions: the ‘Swiss Development Residential’ investment group has been successfully focusing on residential real estate since 2017, while the newly formed ‘Swiss Development Commercial’ group exclusively pursues commercial real estate development projects. Both groups invest in top-class Swiss real estate at an early stage of development. As a result, the solutions facilitate substantial growth in value, generating above-average participation in the success of the development in question.

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‘Pension funds can benefit from above-average returns with moderate risk, thanks to the selection and timing of the real estate projects.’

Maurice Picard CEO

Product information

Picard Angst is offering Swiss pension funds two innovative and sustainable real estate solutions with attractive interest rates, in the form of Swiss Development Residential and Swiss Development Commercial from the Steiner Investment Foundation. Both focus on a diversified portfolio drawn from Steiner AG’s extensive development pipeline of appealing projects. The unique partnership model generates high returns with a low risk, thanks to the early investment point.

Swiss Development Residential

The Swiss Development Residential investment group primarily invests in residential real estate projects at an early stage of development. In addition, its portfolio may also include existing properties with development potential. Having a balanced distribution across regions, locations and usage categories is of paramount importance.

Investor class Pension schemes under the BVG
Legal form Investment foundation under Swiss Law
Name Swiss Development Residential
Investment class Swiss real estate
Currency CHF
Strategy Development (residential real estate)
Auditors Ernst & Young AG
Custodian Banque Cantonale Vaudoise
Appraisal experts Wüest Partner AG, KPMG AG
Project developer Steiner AG
Supervisory authority OAK BV, Bern
Launch date 3 March 2017
Financial year 1 January – 31 December
Utilisation of returns Accumulation
Management fee 0.35% p.a. (development project)/0.40% p.a. (after completion)
TER (NAV) 0.80%
Loan-to-value ratio 0.00%
Performance (cumulative) 22.93%
Number of investors 68
Gross assets CHF 618.2 million
Net assets CHF 444.5 million
NAV per share CHF 123.52
NAV publication frequency Quarterly
Number of projects 37
Market value CHF 1'629.5 million
VALOR/ISIN 34401187/CH0344011876

Swiss Development Commercial

The Swiss Development Commercial investment group invests in commercial real estate projects at an early stage of development. The quality of the location and local demand are the group’s top priorities, regardless of the property’s usage category.

Investor class Pension schemes under the BVG
Legal form Investment foundation under Swiss Law
Name Swiss Development Commercial
Currency CHF
Investment class Swiss real estate
Strategy Development (industry)
Benchmark KGAST Immo-Index
Auditors Ernst & Young AG
Custodian Banque Cantonale Vaudoise
Appraisal experts Wüest Partner AG, KPMG AG
Supervisory authority OAK BV, Bern
Launch date 31 December 2019
Initial portfolio CHF 200 million
Target investment returns 5.5% p.a. (development phase)/4.5% p.a. (after completion)
Financial year 1 January – 31 December
Utilisation of returns Accumulation
Management fee 0.45% p.a. of the total assets
Loan-to-value ratio 0.00%
NAV publication frequency Quarterly

Residential

Feldmühle Rorschach

Residential

Gloggeguet Schaffhausen

Residential

Weidsicht Pfäffikon

Residential

Glasi Bülach

Residential

En Porteau Vevey

Residential

Jardin des Nations Geneva

100 years of success in Switzerland's real estate market

Steiner AG founded the Steiner Investment Foundation in 2016, drawing on more than a century of success in Switzerland’s real estate market. It enables Swiss pension funds to benefit directly from Steiner AG’s expertise as a developer, general contractor and sole contractor.

Six good reasons to invest

Early stage

The projects are at an early stage of development, with the possibility of growing in value substantially.

Location rating

All the properties are in locations with ratings of good to excellent.

Across Switzerland

The properties can be found all across Switzerland.

Microlocation

All the properties are in attractive microlocations with ratings of good to very good.

Assessment

The properties are assessed by independent experts from KPMG.

Sole contractor

All the properties come from the pipeline of the renowned sole contractor Steiner AG.

Your contacts

Maurice Picard

CEO

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Andreas Staub

Senior Solution Advisor

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Oliver König

Solution Advisor Real Estate

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* Past performance is not indicative of future results. Performance and risk figures are based on net asset value and are calculated without taking into account any possible additional costs or fees incurred by the investor in conjunction with the issue, redemption or swapping of fund shares.

Legal disclaimer

Important legal information: Please note that telephone calls are recorded and whenever you call us we shall assume that we have your consent to this.

This does not constitute advice, an offer or an invitation to buy or sell financial products. It is for informational purposes only. Investments should only be made after thorough reading of the relevant documents. The statutes, the foundation regulations, the fee & cost regulations, the prospectus, the investment and financing guidelines as well as the corresponding fact sheet of the Steiner Investment Foundation are available from the Steiner Investment Foundation. This website does not contain any binding information and the only legally binding documentation is the prospectus.

Picard Angst AG assumes no liability for any losses. Past performance is not an indicator of current or future performance. The value and yield development does not take into account any costs and fees that may be incurred.

All statements are subject to change without notice. The statements may deviate from estimates made in other documents published by Picard Angst AG. Picard Angst does not guarantee the accuracy, completeness and timeliness of the published information and opinions.