Swiss Prime Site buy creates country’s largest property AM

Swiss Prime Site, the largest listed property group in Switzerland, is to acquire the property asset management companies of Fundamenta Group, a Swiss company operating in Switzerland and Germany and focused on the residential sector.

Swiss Prime Site has a CHF13.1 billion (€13.6 billion) portfolio and manages assets worth CHF21 billion (€21.84 billion), while Fundamenta has assets under management of CHF4.2 billion.

Fundamenta will be integrated with the asset management division, Swiss Prime Site Solutions, creating Switzerland’s largest independent property asset manager.

The transaction will be 75% financed in cash with the remainder paid in shares.

Zug and Munich-based Fundamenta was founded in 2006 and has around 2,000 investors and serves institutional clients, high net worth private clients and family offices. Fundamenta generated income of more than CHF 24 million in 2023 and has about 60 employees based in Zug and Munich.

Swiss Prime Site CEO René Zahnd said that Fundamenta is a perfect fit. “With this move, we are continuing to pursue our focused real estate strategy and substantially strengthening the asset management arm of Swiss Prime Site Solutions.

“We are thereby growing and expanding our investor base and broadening our product range, especially in the residential segment. Furthermore, we will now be able to offer our Swiss clients direct access to the German real estate market, which we believe will present an attractive option alongside Swiss investments in future.”