Real Estate Fund

The investment objective of the Baloise Swiss Property Fund is primarily to generate a stable current income by investing directly in core/core plus properties in Switzerland that are in good locations and offer high income and value stability.

• The fund's investment focus is on residential properties. Commercially used properties can supplement the portfolio.
• Broad diversification of property investments in terms of region and condition reduces cluster risks.

The Baloise Swiss Property Fund is a contractual investment fund under Swiss law of the property fund type. The fund units are listed on the SIX Swiss Exchange.

• Core/Core plus real estate in Switzerland in good locations and highly stable earnings and value
• Acquisition of real estate in order to hold it for the longer term and optimise its earnings potential.
• Broad regional diversification of real estate investments
• The investment focus is on residential and commercial properties, with the medium to long-term aim of sectoral diversifying by at least 50% residential and at most 50% commercial properties.
• Residential properties include multi-family houses as well as retirement homes, assisted living and student residences.
• For commercial properties, the focus in the medium term is on the main categories of offices/services, retail, trade/industry, archives/storage and parking.

Climate focus

With its climate focus, the BSPF aims to reduce carbon emissions over time by means of tangible goals.

• Definition of reduction targets for Scope 1, and Scope 1 & 2 emissions for 2030 and 2050
• Projection of future carbon emissions via reduction pathway

ESG integration

The BSPF uses ESG integration to take sustainability criteria into account when managing its real estate in order to meet its climate targets. In addition, environmental and social sustainability criteria that are not linked to the climate targets are taken into consideration. 

Steps are taken with respect to the following sustainability criteria specifically: 

• Renewable energies for heat generation
• Efficiency of the building envelope
• Electricity generation via photovoltaic systems
• E-mobility 
• Water consumption
• Tenant satisfaction

Exclusion

By applying exclusion criteria, the fund management ensures that, in principle, no parties that breach pre-defined criteria are permitted to rent the properties in the real estate portfolio. 

Use of exclusions in line with Baloise’s expanded RI strategy: 

• Sanctions by SECO, EU, UN, US, UK 
• Swiss Association for Responsible Investments exclusion list
• Controversial and conventional weapons 
• Coal 
• Oil & gas
• Tobacco 

Threshold values are defined for individual exclusion criteria.

For the Baloise Swiss Property Fund we are looking for properties that fulfil the following criteria.

• Property size: between CHF 20 million and CHF 50 million
• Location: Well served by public transport; preferably in the regions of Central Switzerland and Zurich
• Use: Preferably residential properties and mixed-use properties
• Existing properties and development projects

From 12 to 25 August 2026, the fund management company Baloise Asset Management AG is carrying out a capital increase for the Baloise Swiss Property Fund. With the proceeds of up to CHF 159 million, the acquisition of up to thirteen properties is planned in order to diversify the portfolio.​

• Risk reduction through further diversification of income. Spread across ten cantons.​

• Better basis for high liquidity of the listed security.​

• Attractive spread of the distribution yield of the BSPF over the 10-year Swiss federal bond of around 2 percentage
  points.​

• Opportunity to purchase a portfolio in sought-after locations with an attractive risk/return profile​