Fundim launches new property fund
Lausanne-based property investor fundim has announced the launch of Realitim II, aimed at investors in the German speaking parts of Switzerland.
The fund aims to achieve an initial volume of CHF 100m (€91.9m) and an annual net return of 8 to 12%.
The launch follows that of Realitim I, which launched in 2011 andi s currently invested in more than 1000 residential properties and 25 000 m2 of commercial real estate.
As part of the launch, Fundim has also announced the appointment of Manuel Leuthold, currently president at compenswiss, as new board member of Fundim SA.
Leuthold has more than 27 years of experience at UBS, where he was among others in charge of corporate and institutional clients and a member of the executive committee. Between 2012 and 2015, he worked as chief administrative officer at Edmond de Rothschild Group.