Strategy

The Edmond de Rothschild Real Estate SICAV – Commercial Income Sub-Fund invests in commercial real estate securities in Switzerland that generate an initial rental yield and aims in particular to build a sustainable portfolio by integrating environmental, social and governance ("ESG") aspects into the management of the real estate portfolio, its assets and stakeholders (integration principle) and by applying a consistent exclusionary approach in particular by the establishment of criteria concerning the admission of tenants.

In order to pursue the investment objective set out above, the sub-fund invests in mainly commercial properties in Switzerland's major urban centres and their agglomerations with attractive return prospects. The commercial sectors mainly targeted by the compartment will be modern offices, small logistics and light industry, i.e. buildings intended to accommodate administrative, artisanal, commercial, storage and light industrial production activities and logistics assets promoting flows related to new forms of distribution such as e-commerce, delivery on the last mile as well as real estate managed by an operator, such as senior residences, student residences, coworking, hotels, para-hotels and assets related to education and health etc.

The sub-fund aims to offer investors:

  • A sustainable distribution resulting from rental income secured by long-term leases with quality tenants;
  • An appreciation of the net value of assets crystallized by the development of rental statements and by investments with added value made in buildings.

The manager intends to create value through active management through:

  • Sourcing of quality assets that contribute to the sub-fund's recurring performance;
  • A search for capital gains by making the most of market opportunities;
  • Increasing revenue and value by actively engaging with tenants;
  • Improving the ESG positioning of the portfolio.

The portfolio's risk profile is diversified through several aspects:

  • Geographical distribution of investments (mainly cantons of Geneva and Vaud);
  • Multi-sector tenants;
  • Balanced distribution of lease maturity.

The target average size of objects is 10 MCHF.

The maximum leverage allowed is 50% in the first 3 years, 40% in the4th year, then reduced to 33.33%.

Target allocation

Target allocation - 40 % Target allocation - 40 % Target allocation - 20 %
Modern Office 40 %
Industrial 40 %
OpRe 20 %

IMPORTANT INFORMATION

The circle of authorized investors in the Edmond de Rothschild Real Estate SICAV - Commercial Income sub-fund (’the Commercial Income Sub-Fund") is limited to so-called "qualified investors". The fund documents provide information these restrictions and, where applicable, on other restrictions on the investor base. Accordingly, the information on this website concerning the Commercial Income Sub-Fund is intended exclusively for investors domiciled in Switzerland and considered to be qualified or institutional investors within the meaning of art. 10 para. 3 and 3ter of the Swiss Federal Act on Collective Investment Schemes (CISA).

By clicking on the ‘I agree’ button below, you acknowledge that you have read and understood the above clause, you agree to comply with its content, you confirm that you are accessing this website in accordance with the laws and regulations of the jurisdiction or country in which you reside and that you are a qualified investor within the meaning of art. 10 al. 3 and 3ter of the Swiss Federal Act on Collective Investment Schemes (CISA) domiciled in Switzerland.

IMPORTANT INFORMATION

Edmond de Rothschild Real Estate SICAV (the “SICAV”), Geneva, is an externally managed open-ended investment company incorporated in Switzerland in the “real estate” category, as defined by the Swiss Collective Investment Schemes Act (CISA). The SICAV has delegated its administration, management and distribution to CACEIS (Switzerland) SA, Nyon, as the fund manager. CACEIS (Switzerland) SA has delegated the SICAV’s investment management and exclusive distribution with the power to sub-distribute SICAV shares to Edmond de Rothschild REIM (Suisse) SA in Geneva. Edmond de Rothschild REIM (Suisse) has sub-delegated distribution of the sub-fund Edmond de Rothschild Real Estate SICAV - Swiss ("the sub-fund Swiss") notably to Edmond de Rothschild (Suisse) SA and to Bank Julius Baer & Co Ltd in particular. Banque Cantonale Vaudoise, in Lausanne, is the SICAV’s Depositary Bank. Subscriptions are valid only based on the prospectus in effect with the investment rules and by-laws included, the key information document and the most recent annual report (or, where applicable, the interim report if more recent). These documents are available free of charge from the registered office of the SICAV, c/o Edmond de Rothschild (Suisse) SA, rue de Hesse 18, 1204 Geneva, and from CACEIS (Switzerland) SA, Route de Signy 35, 1260 Nyon, and from any sub-distributors.

The information contained on this website is provided for informative and advertising purposes only. It should not be taken as investment advice, or as a recommendation to invest, to liquidate an investment or to conduct any other transactions in connection with the SICAV. Furthermore, it should not be taken as a public solicitation or as an offering or invitation to subscribe for shares in the SICAV.  The SICAV, CACEIS (Switzerland) SA, Edmond de Rothschild REIM (Suisse ) SA and Edmond de Rothschild (Suisse) SA offer no guarantee on the accuracy and completeness of the information contained on this site, and may under no circumstances be held liable for any losses resulting from the use of said information. The information contained on this site reflects the opinions of the SICAV. Users are advised to contact an independent financial advisor to examine the content of the information provided, in order to ensure that the information in question is appropriate to their situation, based on their investment goals, risk profile, and their personal, financial, regulatory and tax conditions. All investments are subject to risks, including in particular the risk of fluctuations in values and returns. Past performances and financial market scenarios offer no guarantee of current or future results. Any performance data referred to on this site does not include the commissions and fees charged on subscriptions and redemptions of SICAV shares. The reproduction of the information contained on this site, in part or in whole, is prohibited without the prior written consent of the SICAV.

The investment objective for each sub-fund is to substantially preserve invested capital over the long term and to distribute appropriate income. The Board of Directors of the real estate SICAV and the Investment Manager will make every effort to achieve the specific investment strategy established for each sub-fund, based on the datasheets associated with the investment rules. It should be noted, however, that the achievement of the strategies may be subject to regulatory and legal constraints and procedures, such as the authorisation scheme in Switzerland for any purchases of buildings for residential use. No assurance can be given by the real estate SICAV, its Board of Directors, the Fund Manager or the Investment Manager as to the confirmation by the competent cantonal and/or federal authorities that the residential buildings considered for acquisition by the real estate SICAV are not subject to said authorisation scheme.

The information contained on this website is not addressed to persons subject to legislation prohibiting them from accessing the website due to their nationality, status or domicile. In particular, the SICAV has not filed, and does not plan to file, an application with the US Securities and Exchange Commission to offer or sell its shares to the public under the terms of the Securities Act of 1933. The SICAV is not registered, and does not plan to register, under the terms of the Investment Company Act of 1940, as amended. The information contained on this website may not be distributed, and the SICAV’s shares may not be offered, in the United States of America or in any US territories, holdings or regions subject to its jurisdiction.

By clicking on the “I agree” button below, you acknowledge having read and understood this page, you agree to comply with its content and you confirm that you are accessing this website in accordance with the laws and regulations of the jurisdiction or country in which you live.