Swiss Prime Site to acquire the real estate division from Fundamenta Group.

Swiss Prime Site, a real estate company, agreed to acquire the real estate division from Fundamenta Group, an independent asset manager with real estate assets across various investment vehicles. Financial terms were not disclosed. "Fundamenta is a perfect fit for us. With this move, we are continuing to pursue our focused real estate strategy and substantially strengthening the asset management arm of Swiss Prime Site Solutions. We are thereby growing and expanding our investor base and broadening our product range, especially in the residential segment. Furthermore, we will now be able to offer our Swiss clients direct access to the German real estate market, which we believe will present an attractive option alongside Swiss investments in future. Throughout the whole process, our team and I also felt we were a really good fit culturally. On that note, I would like to extend a warm welcome to all our new clients and employees," René Zahnd, Swiss Prime Site CEO.