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After gaining its Finma collective manager of assets licence earlier this year, asset manager and real estate specialist Pretium Invest has unveiled its first fund under Swiss law.
The Pretium Real Estate fund has launched with CHF 400m, with 1,827,196 units issued at a price of CHF 101.50 per net unit.
Funds from the initial issue are to be used to buy 13 secured properties, spreading the portfolio across the cantons of Zurich and Thurgau. The purchase of the properties is planned after the initial offering is paid out.
