198 micro-apartments are being built near Geneva

CS REF LivingPlus has acquired one of the two elliptical-shaped buildings (the one on the left in the picture). It will include 198 fully furnished, ready-to-move in micro-apartments, which will be leased to the operator City Pop.

The Swiss real estate company City Pop offers fully furnished micro-apartments of various sizes in urban centers. The residential concept blurs the boundaries between hotel and traditional tenancy: it is suitable for longer stays and combines the services of a hotel with the social life of a lively neighborhood. The apartments can be booked using an app, and are available for a period of between 4 and 52 weeks.

The living concept includes apartment cleaning as well as use of the cellar and an optional laundry service. The buildings offer several common rooms that are available for co-working, eating, meetings or socializing. Service charges are included in the rent.

As the first provider of holistic micro-apartments in Europe, City Pop combines the financially attractive micro-living concept with new technology and the spirit of social community. In its home country of Switzerland, the company currently offers apartments in Zurich, Bern, Basel, Lugano and Lausanne. City Pop Geneva will be ready for occupancy in March 2025 and further projects in Frankfurt and Berlin are already under construction.

CS REF LivingPlus invests in innovative residential concepts and anticipates the changing needs of society. The concept of «micro-living» is one of various forms of living that are in line with the fund’s investment strategy. The City Pop Geneva project is therefore an interesting investment opportunity. It makes a positive contribution to strengthening and rejuvenating the real estate fund.¹

¹This does not constitute a guarantee on the part of UBS Asset Management