Swiss Mobiliar Asset Management has mandated CACEIS in Switzerland to administer its new Swiss-law real estate fund called MobiFonds Swiss Property.
The fund will invest in the development of a high quality Swiss real estate portfolio preferably in strong economic centers and their extensions. The fund is open exclusively to subscriptions from institutional investors, and will launch on March 15 2013.
Commenting on the deal with CACEIS (Switzerland), Stefan Mchler, managing director of Swiss Mobiliar Asset Management and CIO of the Mobiliar Group said: We made a thorough assessment of the business proposal received from CACEIS (Switzerland) SA for our new MobiFonds Swiss Property fund and decided to award the administration mandate to CACEIS on the quality of the service offer and the firm’s experience in administering Swiss real estate investments. We believe this is the right decision for Mobiliar Asset Management as well as for our investors.
(JDC)