UBS is liquidating the real estate fund UBS (CH) Property Fund - Europe. Trading of the fund on the SIX Swiss Exchange was halted with immediate effect, and the delisting is scheduled for Friday, October 23. The major bank previously reported increased capital redemptions over the past two years, with repayments having been postponed. Additional redemption requests were received at the end of the financial year on June 30, 2026.
The affected fund invests across Europe in residential, logistics, office, and retail properties. Given persistent low demand and restricted liquidity in these markets, properties can currently be sold only selectively and mostly at significant price discounts. Following an analysis of available options, UBS Fund Management decided to terminate the fund agreement and initiate an orderly liquidation in order to protect the interests of all investors.
Deferred repayments of terminated units will be settled with priority. Claims are categorized into three groups based on their respective termination dates. Category 1 prioritizes the repayment of 6.2 million units terminated as of June 30, 2024. Category 2 comprises just over 178,000 units terminated at the end of the financial year on June 30, 2025; investors in this category will be paid out only after all claims in the first category are fully satisfied. Category 3 includes units terminated at the end of the financial year on June 30, 2026, as well as remaining investors in the fund. For redemption requests submitted up to June 30, 2026, the contractually stipulated notice period of twelve months has not yet expired. These payouts will occur as soon as all claims in categories 1 and 2 have been fully settled.
