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Consolidated, but not complete: why smart and nichey solutions are needed for the real estate fund market

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Significant changes in the Swiss real estate fund market

The Swiss real estate fund market is in a state of upheaval - characterised by a wave of mergers and structural adjustments affecting both listed and unlisted vehicles. This was triggered by the abrupt rise in interest rates from 2022, combined with a declining appetite for risk and a largely blocked transaction market.