ACRON Group Completes Another Club Deal According to Plan – Results of a Swiss Office Property Investment Far Exceed Forecast.
Zurich, Switzerland; July 28, 2020 – Real estate investment specialist ACRON Group has successfully sold two fully leased office properties as part of its ACRON SWISS PREMIUM ASSETS AG (ASPA) investment in line with the investment strategy, despite the current market environment.
Following last December’s completed exit from the ACRON HELVETIA V Immobilien AG investment, comprising an office and logistics property in Basel, with a realized annual IRR of 8.3 percent, ASPA is now distributing a total of more than CHF 43 million to its investors.
The original annual return was projected to amount to roughly 9 percent, but the shareholders of ACRON SWISS PREMIUM ASSETS AG have obtained an annual IRR of more than 15 percent since the investment’s inception in 2017. Distributions have totaled approximately 130 percent of the original investment (including the proceeds of the sale). This result reflects the influence of various factors, including acquisition prices and lease negotiations, and is attributable not least to ACRON’s decades of experience.
ACRON SWISS PREMIUM ASSETS AG was part of the ACRON Group’s successful HELVETIA investment series focusing on commercial real estate in Switzerland. Currently, investors can subscribe for shares of ACRON HELVETIA XIV Immobilien AG or a bond to benefit from stable and attractive returns. The forecast returns have been attained or exceeded in each case since the inception of the HELVETIA investment series in 2001.
With a view to the Swiss real estate market, this transaction fortunately indicates that COVID-19 has not adversely impacted the value of real estate to date. According to Peer Bender, CEO of ACRON AG, “I am very pleased that we were able to achieve such an excellent result for ACRON SWISS PREMIUM ASSETS AG’s investors over a holding period of just three years, despite the current situation. This transaction has enabled us to continue our spotless track record in Europe as well.”
ACRON at a glance
Founded in 1981, the ACRON Group specializes in real estate club deals. 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 amounted to some CHF 2 billion in July 2020. 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