SF Urban Properties Ltd: Purchase of a property in Kleinbasel

• Purchase of a fully let property with a market value of CHF 18 million in a first-rate location in Basle
• Increase in the proportion of residential properties in the portfolio
• Improved profitability

The recently acquired property is situated about 100 metres from Wettsteinplatz in Kleinbasel, giving it an ideal location for the public and private transport systems. The purchase of the property is in keeping with the strategic investment approach (or focus) of SF Urban Properties Ltd, which consists of the acquisition of properties in very good locations in urban centres.
The ground floor is used as retail space, while the upper floors contain residential units. These are mostly made up of one-room and two-room apartments.
"The excellent transport connections and mixed use offer excellent potential for reletting. We are also seeking to improve the long-term net yield by means of active asset management," said Micaela Venzi, Portfolio Manager Real Estate Direct.