October 22, 2021 - The 56.5 million francs raised out of the 100 targeted launch the limited partnership (SCmPC).
June 7, 2021 - Through its Realitim vehicles, Fundim SA's mission is to provide investors with direct access to a promising real estate segment: development.
As Fundim SA announced the closing of Realitim I, its first SCmPC type investment vehicle at the beginning of this year, the real estate collective investment manager is pleased to announce the official launch of Realitim III, which is in the process of being approved by Finma. This would be a perfect timing for the launch, given that the acquisition period of Realitim II has just ended with at least twelve projects in the portfolio. Always with a double-digit return target in sight. Back on a fabulous story which celebrates its tenth anniversary this year.
With its Realitim vehicles, Fundim SA's mission is to offer investors direct access to a promising real estate segment: development. The vision was to combine the performance of a “venture capital” product with the strength of a stone.
REALITIM I: RISK TAKING AND INNOVATION
“When we started this adventure ten years ago, we were convinced of our idea but it remained to demonstrate by the facts that it is possible to generate strong added value in this phase of the life cycle of a real estate asset” recalls Daniel Moser, CEO of Fundim SA. A net internal rate of return (net IRR) of 13% and a total net value payable (net TPVI) of 1.8 of Realitim I which has just closed its accounts provide proof with numbers.
REALITIM II: THE CONFIRMATION OF A NEW MODEL
"Building on our success with this first SCPC, we launched Realitim II in 2016. Today, we are delighted to see that the model has proven its worth" underlines Simon Potier, COO of Fundim SA. Twelve sites were thus acquired, complementary in terms of their location, size and typology, which allow a magnificent diversification of the portfolio of projects. With the same time horizon of seven to nine years, Realitim II aims, like its older brother, for a double-digit return.
In comparison to Realitim I, the objects are geographically more extensive and there are projects on the Coast, in Lausanne, in Gros-de-Vaud as well as on the Riviera. Beyond its strong presence in Vaud, Realitim II is also active in Neuchâtel and Fribourg, and remains faithful to its positioning, by focusing “upstream” of the development process on medium-term investments.
REALITIM III: REAL ESTATE DEVELOPMENT BASED ON ENERGY SELF-SUFFICIENCY
If the strategic positioning remains unchanged, mainly to work on the poorly valued market segments, the Realitim III teams set themselves the objective of concentrating on soft densification by the construction of energy self-sufficient housing and a price democratization of the housing acquisition. Let us recall here that the business model of Fundim SA and its Realitim funds is based on the creation of added value by piloting projects in the various phases of development, from land allocation to the design and construction of buildings. The resale of the developed real estate assets is done at the maturity of the project, either at the legalization of building rights, the obtainment of building permits or upon completion of construction.
Fundim SA is targeting subscriptions of up to CHF 100 million for Realitim III. “We have observed, through the Realitim I and Realitim II experience, that in French-speaking Switzerland this volume of 100 million represents both sufficient leverage to be reactive and seize opportunities but also sufficiently confidential to ensure the management of real estate projects since the start of fundraising until the fund closing ”comments Gilles Basse, CFO of Fundim SA. The start of Realitim III seems to be on track not only with projects already signed but also with subscription promises. The call to investors is launched.
January 20, 2021 - The capital of the Gros-de-Vaud district is launching a vast sustainable neighborhood project. A total of 410 new apartments will be built, including 238 for rent and 113 for sale, as well as 59 affordable rental units. Ultimately, the district will accommodate some 800 inhabitants, which corresponds to an increase of more than 10% in the population of Echallens.
December 14, 2020 - A few months before its closing, Fundim SA is pleased to announce that the annualized net return of Realitim which entered at the beginning of the year in its closing phase (liquidation) amounts, since its launch, to 11%. This figure will be consolidated in the following months, once the last items have been sold. The very satisfactory result of this first vehicle confirms the vision of the founders of this company in the early 2010s.
October 12, 2020 - Owner of the site since 2018 and promoter of the project, the company Realitim defends its intentions and its approach. “We have great respect for this site which we will not only preserve but also enhance,” starts Daniel Moser, managing director at Realitim.
December 9, 2020 - The Lausanne-based company Fundim is in the process of closing its first fund investing very early in real estate projects. The annual performance exceeds 11%. And encourages its leaders to repeat the exercise.