The first real estate SICAV dedicated to tax exempted Swiss pension funds has been authorized by the Swiss Financial Market Supervisory Authority (FINMA)

Lenz & Staehelin acted as legal advisor within the authorization process of the first real estate SICAV dedicated exclusively to tax exempted Swiss pension funds. The innovative feature of this SICAV is the subscriptions in kind of pension funds to the SICAV for the purpose of pooling real estate portfolios which are traditionally held directly by pension funds.

The Lenz & Staehelin team included François Rayroux (Partner) and Laurence Vogt Scholler (Counsel).