Zurich, Switzerland; December 19, 2019 – Real estate investment specialist ACRON Group has sold its office and logistics property in Basel’s Dreispitz park to an institutional investor in a share deal. Since the investment’s inception in 2011, the shareholders of ACRON HELVETIA V Immobilien AG have therefore obtained an annual IRR of 8.4 percent and total distributions of around 180 percent of the original investment (including the proceeds of the sale). Shareholders received both the ongoing distributions and the sale proceeds from the shares free of tax.
The office and logistics property was acquired by the ACRON Group in 2009 based on its excellent location, a long-term lease with sole tenant Fiege Logistics (Schweiz) AG, and the positive forecasts for the site. At the time, the property was contributed to the investment company ACRON HELVETIA V Immobilien AG. In a standard approach for ACRON’s HELVETIA investment series, ACRON HELVETIA V Immobilien AG also featured a single-asset structure. The office and logistics property in Dreispitz park in Basel was the only property held by ACRON HELVETIA V Immobilien AG, which was set up specifically for this purpose.
The property is located about ten minutes by car from the center of Basel and situated directly in Dreispitz: Covering around 500,000 square meters, this is the largest commercial and service zone in the Basel region. The location has great potential for the future thanks to the current innovative development plan for the site. Sole tenant Fiege Logistik (Schweiz) AG is part of the Fiege Group, which ranks number one in Europe and number five in the world in the contract logistics market.
ACRON HELVETIA V Immobilen AG is part of the ACRON Group’s successful investment series focusing on Swiss commercial real estate. Currently, ACRON HELVETIA XIV Immobilien AG is being prepared for subscription to give investors the opportunity to profit from stable and attractive distributions from investments in commercial properties selected by ACRON.
ACRON at a glance
Founded in 1981, the ACRON Group specializes in real estate investments. All of ACRON’s real estate projects are based on a single-asset structure and are sold in Switzerland, Austria, Germany, and the United States. The company’s transaction volume amounts to well over CHF 2.0 billion in December 2019. ACRON’s clients are individual private investors, charities, institutional investors and families from around the world. The ACRON Group’s headquarters are located in Zurich (Switzerland) with subsidiaries in the USA, Luxembourg, Düsseldorf (Germany), and Sâo Paulo (Brazil). www.acron.de, www.acron.ch
Peer Bender, ACRON AG, Zurich, Switzerland
+41 (0)44 – 204 34 00
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