TrustStone real estate SICAV is an unlisted fund focused on residential, mixed-use and commercial properties located primarily in French-speaking Switzerland. Its approach combines the stability of residential income with the higher growth potential of the commercial sector.
Strategy
TrustStone’s strategy is to build a resilient and diversified real estate portfolio designed to deliver stable, long-term returns.
The fund invests in residential properties, commercial buildings with long-term leases and/or development potential, as well as mixed-use properties. The fund places strong emphasis on acquiring assets in prime locations, with a preference for high-demand areas that offer excellent public transport connectivity and proximity to essential amenities, ensuring long-term value creation.
In addition, the fund accepts contributions in kind (real estate swaps), providing property owners with the opportunity to invest at net asset value (NAV).
As of August 2025, the fund has been managed by Dominicé, further strengthening its strategic positioning.
Active Management and Value Creation
Our multidisciplinary real estate management team consists of experts with diverse backgrounds in property management, construction, and asset valuation. This structure allows us to swiftly capitalize on opportunities in the Swiss real estate market.
At every stage of the property life cycle, we assess the relevance of tenants, anticipate vacancy risks, and adjust the rental offer accordingly.
We closely and systematically monitor our property management partners, ensuring that they apply best practices in lease administration, tenant turnover, and the operational management of buildings.
Our approach aims to enhance the attractiveness of each site, to create long-term value, ensure sustainable occupancy, and maintain stable returns for our investors.
Tax Advantages*
The fund has adopted a direct property ownership approach. This strategy ensures that unitholders residing in Switzerland are exempt from income tax and wealth tax.
Only income from movable investments and the movable portion of the fund’s assets are taxed at the unitholder level.
This exemption is possible because the fund itself covers all associated tax costs, allowing it to benefit from more favorable tax rates than those typically applied to individual taxpayer.
This is a important advantage for Swiss domiciled investors, as it allows them to maximise their returns while reducing their tax burden.
*Tax rules are complex and anyone investing in the fund should obtain independent professional tax advice.
Acquisition Strategy
Our fund is constantly on the lookout for new investment opportunities, in order to increase its assets under management and improve its investment performance.
Click below to find out more about our acquisition criteria.
Real Estate Swaps
We offer solutions for buying back properties in exchange for newly issued fund units. This is known as a Real Estate Swap.
Click below to find out more about this transaction works and the benefits it offers to property owners.
Key Data
| Date of Inception | October 2020 |
| ISIN | CH0487961606 |
| Valor | 48796160 |
| Bloomberg | TRSTRES SW Equity |
| Legal structure | Swiss Real Estate Fund (Real Estate SICAV) reserved for qualified investors |
| Investment category | Mixed Real Estate |
| Purchase/ Sale of shares | OTC via Swiss Finance Property |
| Price Publication | swissfunddata.ch |
| Domicile | Switzerland |
| Currency | CHF |
| Location of assets | Switzerland |
| Leverage | Maximum 33.33% of the total value of the fund |
| NAV Calculation | Semi Annual |
| Regulatory Authority | FINMA |
| Fund Management Company | Solutions & Funds SA |
| Investment Manager | Dominicé & Co – Asset Management |
| Depositary Bank | Banque Cantonale Vaudoise |
| Auditor | PricewaterhouseCoopers |
| Asset valuation | DCF Method |
| TER (as of 30.09.2025) | 0.70% |