Schellenberg Wittmer with Procimmo on fund transformation

Schellenberg Wittmer advised Solutions & Funds, Procimmo, and Procimmo Real Estate with the transformation of three contractual real estate funds into subfunds of Procimmo Real Estate.

FINMA approved the amendments of the three real estate funds as well as the transformation of the three contractual funds into subfunds of Procimmo Real Estate. The transformation will take place on January 8, 2025. After the transformation, Procimmo Real Estate will have four subfunds, including listed and non-listed subfunds.

Schellenberg Wittmer advised on all regulatory, tax, and real estate aspects obtaining all FINMA approvals, tax rulings, and rulings of the land registries.

The team

Schellenberg Wittmer’s team was led by partner Caroline Clemetson (pictured left) and included Dany Sousa Ribeiro and Pauline Zoller (all banking & finance, investment management), and Gregory Strohmeier (real estate). The tax team was led by partner Jean-Frédéric Maraia (pictured right) and included Andrea Baratta (both tax).