Strategy

Edmond de Rothschild Real Estate SICAV – Swiss invests in real estate all across Switzerland, with a keen focus on it Romandy, in particular on the Geneva canton.

The fund centres its investment strategy on generating stable leasing income on buildings, paired with a value-added strategy seeking capital gains.

The portfolio is predominantly invested in the residential sector, with the balance targeting commercial assets.

The strategy is divided into three pillars:

  • Stable residential assets: central buildings generating stable leasing income and requiring little upkeep, and recently constructed periphery properties.
  • Value-added residential assets: buildings requiring substantial improvements, switching from one category of use to another (commercial to residential) or investing in construction projects.
  • Stable commercial assets: central buildings with long-term leases for stable cash income.

The size of a given asset ranges from CHF 5 million to CHF 60 million, with broad diversification over more than 100 properties.

Maximum authorised leverage is 33% and the fund generally ranges between 20% and 30%. Creditors are highly diversified, as are the maturities of mortgage loans.

Sector allocation (as of 31.03.2021)

Sector allocation (as of 31.03.2021) - 58 % Sector allocation (as of 31.03.2021) - 30 % Sector allocation (as of 31.03.2021) - 12 %
Residential 58 %
Commercial 30 %
Mixed-use 12 %

Geographical allocation (as of 31.03.2021)

Geographical allocation (as of 31.03.2021) - 47 % Geographical allocation (as of 31.03.2021) - 26 % Geographical allocation (as of 31.03.2021) - 9 % Geographical allocation (as of 31.03.2021) - 5 % Geographical allocation (as of 31.03.2021) - 5 % Geographical allocation (as of 31.03.2021) - 4 % Geographical allocation (as of 31.03.2021) - 2 % Geographical allocation (as of 31.03.2021) - 2 %
Geneva 47 %
Vaud 26 %
Fribourg 9 %
Neuchâtel 5 %
Other 5 %
Zurich 4 %
Basel 2 %
Aargau 2 %