Swiss Investments Sold

ACRON HELVETIA IV

 

ACRON HELVETIA IV Immobilien AG

ACRON conceived the investment in Zurich Airport as a private placement in spring 2006. The hotel, which features offices and conference space, opened in summer 2008 and was renamed Radisson Blu Hotel, Zurich Airport in the course of the rebranding of the Rezidor Group in the following year.

The equity was provided by a subordinated investor loan in 2006. In 2009, the sole shareholder of the subsequently renamed ACRON HELVETIA IV sold the company to an institutional investor, whose annual return after IRR was 19 percent. Even after the sale of the company, which was renamed in the meanwhile, ACRON AG will continue to be responsible for management of the property.

Name of Investment, Private Placement	ACRON HELVETIA IV Immobilien AG
Legal form	Swiss stock cooperation
Year issued	2006
Year property was sold	2009
Number of partners	1
The Property
Type of use	Conference center with hotel, office, and conference facilities
Year constructed	August 2008
Key Figures
Holding period	4 years
Investment volume, in USD	154,350,000
Equity, in USD	35,350,000
Borrowed funds, in USD	119,000,000
Return, IRR	18.72 % annually