An investment policy with double-digit returns
A few months before its closing, Fundim SA is happy to announce that the annualized net return of Realitim which entered in its closing phase (liquidation) at the beginning of the year amounts, since its launch, to 11%. This figure will be consolidated in the following months, once the last items are sold. The very satisfactory result of this first vehicle confirms the vision of the founders of this company in the early 2010s.
By launching its first Realitim investment vehicle in 2011, Fundim SA wanted to give investors direct access to a growing real estate segment. The vision then was to combine the performance of a “venture capital” product with the strength of stone. Endowed with equity amount of 57 million, this multi-project collective investment partnership (SCmPC) has made it possible to develop around ten real estate projects and create nearly a thousand housing units.
In an economic context that has changed considerably in recent years, investors in the first vehicle managed by Fundim SA are doing well with a double-digit annualized net return of 11% and a net return multiple of 1.6. It is the result of a vision that has made it possible to combine a very interesting risk / return with an attractive taxation. With hindsight, the offer made to investors to get involved in the real estate development sector seems to have kept its promises and has offered them an interesting source of diversification of their portfolios.
“We are coming to the end of the lifespan of the Realitim fund with a double-digit return before consolidation. Realitim confirms our vision of 2010 when we wanted to add to an investment vehicle our ability to identify, manage and develop real estate projects with high potential ”underlines Daniel Moser, CEO of Fundim SA.
Realitim - a family of vehicles offered by Fundim SA
The first company to offer a collective investment vehicle regulated by FINMA, multi-project and oriented towards real estate development, Fundim SA has opened the doors of this sector, which was reserved to a very limited number of players before, to institutional investors and qualified private individuals. Building on the many successes achieved since 2011 with its first Realitim vehicle currently in liquidation phase, Fundim SA launched in 2016 a second vehicle - Realitim II - which has already successfully completed a capital increase in 2019.
With an average time horizon of 7 to 10 years, Realitim II targets a net annualized internal rate of return of around 8-10% after tax. Also to keep in mind that sponsors have the possibility of investing through co-development.
Long-standing experience for the benefit of a new model
Faced with the current context of a poorly organized real estate sector characterized by a large number of players pursuing short-term strategies, Fundim SA offers an approach focusing on medium-term investments.
The specialists focus on identifying and then organizing and accelerating large-scale real estate projects that will make up the portfolio of Realitim investment vehicles. Strategically, Fundim SA seeks to invest in poorly valued market segments. It is therefore constantly on the lookout for plots with high development potential.
The business model of Fundim SA, through its Realitim funds is based on the creation of added value through the management of projects in the various phases of development, from land allocation to the design and construction of buildings. . The resale of the developed real estate is done when the maturity of the project is reached, whether it is at the legalization of building rights, the obtainment of building permits or the sale after completion of construction.
An organization making the performance to its investors
To carry out its mission, Fundim SA relies mainly on a multidisciplinary team and on its vast network well established throughout French-speaking Switzerland. Combining know-how, independence, knowledge of regional markets and taxation, the team manages all processes and pays particular attention to risk management, in order to influence your returns. “Over the years, we have become a leading real estate operator. We have sufficient financial resources to buy real estate under the best conditions and to develop them. ” adds Gilles Basse, financial director.
Development and compliance with ESG standards
At the selection of the real estate projects, Fundim SA gives priority to construction projects that respect environmental, social and governance (ESG) criteria. From the conceptualization to the operation of projects, this turns into the search for the best solutions combining both the sustainable development and cost-efficiency for the future user by systematically applying a sustainable approach to environmental, social and economic aspects.