ACRON Real Estate Funds Portfolio SICAV-FIS is AIFMD Compliant

ACRON Real Estate Funds Portfolio SICAV-FIS is AIFMD Compliant

Zurich, Switzerland; July 28, 2014 - The CSSF, Luxembourg's financial regulator, has approved the fund documentation for ACRON's SICAV-FIS real estate portfolio, which had been adapted to comply with the EU's directive on alternative investment fund (AIFMD), as well as the appointment of an external manager of alternative investment funds for the SICAV.

In compliance with the requirements of the AIFM directive, the SICAV sub-funds ACRON Swiss Properties Fund and ACRON US Metropolitan Fund will be administered by BIL Manage Invest SA, a subsidiary of Banque Internationale à Luxembourg. As a manager of alternative investment funds, BIL Manage Invest S.A. is regulated by CSSF and received an AIFM authorization. In the future, portfolio and risk management of the assets in the SICAV will be handled by BIL Manage Invest S.A. ACRON Swiss Properties Fund invests in commercial properties in Switzerland, while ACRON US Metropolitan Fund holds office properties in US cities.

An application for marketing the funds to professional and semi-professional investors in Germany and to professional investors in Austria is being prepared. The funds have already been approved for marketing in Luxembourg. In Switzerland the funds are only offered to qualified investors.

The funds at a glance

	ACRON Swiss Properties Fund	ACRON US Metropolitan Fund
Currency	CHF	USD
ISIN	LU0897002050	n/a
Management Fee	0,75 % of GAV*	0,75 % of GAV*
Performance Fee	25 % of IRR** over 6 % p.a. (after sale of a property)	25 % of IRR** over 8 % p.a. (after sale of a property)
Equity target	CHF 250 million	USD 150 million
Risk profile	Core/Core+	Core/Core+
Distributions	Semiannually	Semiannually
NAV calculation	Semiannually	Semiannually

* GAV: Gross Asset Value

** IRR: Internal Rate of Return

About ACRON

As a specialized initiator of real estate investments whose track record spans more than 30 years, the ACRON Group offers its clientele innovative investment products in Switzerland, the USA, Austria and also Brazil. These include both "one asset - one company" structures as well as diversified real estate funds. A core area are hotel property investments such as the Radisson Blu Hotel, Zurich Airport. All in all ACRON has acquired 49 properties to date, 21 of which are still under management. The ACRON Group has companies in Zurich (Switzerland), Luxembourg (Luxembourg), Düsseldorf (Germany), Dallas, Texas (USA), and Rio de Janeiro (Brazil).

For further information please refer to: www.acron.ch

ACRON media contact:

Kai Bender - ACRON AG - Splügenstrasse 14 - 8002 Zurich, Switzerland

Phone: [phone] - E-mail: [e-mail]

Jan Gregor - Gregor Communications GmbH - Mutschellenstrasse 69a - 8038 Zurich, Switzerland

Phone: [phone] - E-Mail: [e-mail]

Press release (pdf)

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