Homburger advised Swiss Prime Site AG (SPS), the largest real estate company in Switzerland (SWX: SPSN), on the acquisition of Fundamenta Group’s real estate division.SPS will acquire the real estate asset management companies currently held by Fundamenta Group Holding AG, Zug. The transaction is expected to close in the second quarter of 2024 and will be financed in cash (75%) and shares of SPS (25%).

The acquisition will significantly expand SPS’ asset management division, Swiss Prime Site Solutions (SPSS), creating Switzerland’s largest independent real estate asset manager, with total assets under management of CHF 13 bn. Fundamenta will bring a considerable investor base of 2,000 institutional and private real estate investors, as well as a diversified portfolio of residential and commercial properties in Switzerland and Germany. The transaction will also broaden SPSS’s product range by adding the listed vehicle Fundamenta Real Estate AG, a Luxembourg SICAV fund and further investment products.

The Homburger team advising SPS is led by Daniel Hasler and includes Stefan Blunschi, Claudine Schär, Oriana Schöni and Luc Huber (all Corporate / M&A), Jürg Frick, Manuel Baschung and Annina Schmid (all Financing and Investment Products), Dieter Grünblatt and Peter Müller (both Tax), Richard Stäuber (Competition) and Jeremy Reichlin (Employment and Executive Compensation).


 

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