Pensimo

What Pensimo does

Pensimo Management AG is an independent Swiss real estate investment management company headquartered in Zürich, founded in 1940/1942 and operating for over 80 years. It serves primarily Swiss occupational pension funds (Pensionskassen) through four FINMA-regulated investment foundations — Turidomus (large Swiss residential/commercial), Pensimo (mid-sized Swiss residential/commercial), Adimora (affordable housing with rents 15-20% below market), and Testina (global core/core+ and value-add real estate) — plus the SIX Swiss Exchange-listed Swissinvest Real Estate Fund (ISIN CH0026168846) accessible to broader investors.

The platform is vertically integrated across the real estate lifecycle: portfolio and investment management, development and construction management (DCM), and property operations delivered through the wholly-owned Regimo AG subsidiary and its eight regional Regimo companies. Pensimo Fondsleitung AG manages the listed Swissinvest vehicle, while Testina Europa AG operates the global investment mandate. As of 2025, the platform manages CHF 15.7 billion of real estate across 580 properties, 18,820 apartments (70% residential), and 615,000 sqm of commercial space, with 28% CO2 intensity reduction achieved from 2021-2024 and a net-zero target set for 2050.

Pensimo earns revenue through recurring management and fund administration fees on the four foundations and the listed fund, supplemented by property management fees via Regimo and construction oversight fees from DCM. Products carry institutional minimum commitments (Testina Alpha from CHF 50M; Testina Global Core from CHF 1M). Distribution is direct institutional sales to Swiss pension funds, with public-market access via Swissinvest's SIX listing; in 2025 CHF 328 million was distributed to pension funds and CHF 26 million to Swissinvest shareholders. The company is independent, not PE/VC-backed, with no disclosed parent company.

Name

Pensimo

Legal name

Pensimo Management AG

Website

https://pensimo.ch

Company type

Private

Founded year

1940

Operating status

Operating

Headcount range

11–50 employees

Short description

Pensimo Management AG is an independent Swiss real estate investment manager serving occupational pension funds through four investment foundations (Turidomus, Pensimo, Adimora, Testina) and the SIX-listed Swissinvest Real Estate Fund, managing CHF 15.7 billion across 580 properties.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990), Pension Funds (52511), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799), Real Estate Investment Trusts (6798)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Real estate investment management
• Pension fund management
• Property management services
• Real estate investment funds
• Portfolio management

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Investment Foundation Management: Pensimo Management AG manages four real estate investment foundations for Swiss pension funds, generating revenue through management fees and property operations. The foundations invest pension capital in Swiss residential and commercial properties.
2. Swissinvest Real Estate Fund: The SIX-listed Swissinvest Real Estate Fund generates dividend income for shareholders. Pensimo Fondsleitung AG manages this publicly traded vehicle.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Pensimo operates as an institutional Swiss real estate investment management platform, managing CHF 15.7 billion in assets through four investment foundations (Turidomus, Pensimo, Adimora, Testina) and the SIX-listed Swissinvest Real Estate Fund. The firm serves Swiss pension funds by acquiring, developing, managing, and operating residential and commercial properties directly. Subsidiary Regimo AG handles property operations across 8 regional companies, covering the full real estate value chain from portfolio management through construction to tenant services.

Product overview

Pensimo operates as a real estate investment management group with a portfolio of distinct investment vehicles. The core offering consists of four investment foundations (Turidomus, Pensimo, Adimora, and Testina) that manage pension fund assets in residential and commercial properties across Switzerland and globally. Additionally, Pensimo manages Swissinvest, a publicly listed real estate fund on the SIX Swiss Exchange. Turidomus and Pensimo focus on Swiss direct investments with different property size profiles, Adimora specializes in affordable housing, while Testina offers international diversification. The group provides comprehensive real estate services including portfolio management, development, construction management, and property operations through its subsidiary Regimo AG.

Differentiator

Problem solved

Functional benefit

Brands

• Turidomus: Large residential and commercial real estate investments in Swiss metropolitan areas (Casareal, Proreal, Urban & Mixed-use)
• Pensimo
• Adimora
• Testina
• Swissinvest
• Regimo

Products and services

• Turidomus Investment Foundation Investment foundation for Swiss pension funds focused on large residential and commercial property investments in Swiss metropolitan areas. Includes three sub-products: Turidomus Casareal (large residential), Turidomus Proreal (large commercial), and Turidomus Urban & Mixed-use (large mixed-use). Targets institutional investors seeking direct Swiss real estate exposure with stable long-term returns.
• Pensimo Investment Foundation Investment foundation offering medium-sized residential and commercial property investments in Swiss metropolitan areas and economic centers. Includes Pensimo Casareal (medium residential) and Pensimo Proreal (medium commercial). Designed for pension funds seeking diversified Swiss real estate exposure at moderate scale.
• Adimora Omega Investment Foundation Investment foundation providing affordable housing investments in Swiss centers and agglomerations. Target rents are 15-20% below local market rates. As of end of fiscal year 2025, the foundation held 978 apartments dedicated to affordable housing, addressing middle-income housing needs.
• Testina Investment Foundation Global real estate investment foundation with multiple sub-products for international diversification: Testina Alpha (defensive core/core+ from CHF 50M minimum), Testina D3 (progressive value-add/opportunistic), and Testina Global Core (defensive core/core+ from CHF 1M minimum). Provides Swiss pension funds access to global real estate opportunities across different risk-return profiles.
• Swissinvest Real Estate Fund Independent real estate fund listed on the Swiss stock exchange SIX (ISIN CH0026168846), managed by Pensimo Fondsleitung AG. Offers long-term oriented investors flexibility and constant distributions. Distributed CHF 26 million to shareholders in 2025. Provides public market access to Swiss real estate for retail and institutional investors.

Quantifiable outcome

• CO2 intensity reduced by 28% from 2021-2024
• +3 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Regimo AGcoreOthersEight Regimo regional companies handle local property management operations for Pensimo-managed properties, providing tenant services and operational excellence across different Swiss regions.
• Pensimo Fondsleitung AGcoreOthersSubsidiary company that manages the Swissinvest Real Estate Fund listed on SIX Swiss Exchange.
• Reach Partners AGminorImplementation/ SI/ Consulting PartnerDigital agency responsible for concept, design, and coding of Pensimo's website (Kalchbühlstrasse 4, 8038 Zürich).

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Mobimo Holding AG: Swiss-listed real estate company with a portfolio of residential and commercial properties across Swiss metropolitan areas. Comparable to Pensimo's Turidomus and Pensimo foundations in Swiss direct real estate strategy.
• Patrimonium Asset Management: Swiss real estate investment manager offering investment foundations and funds for institutional investors. Closely comparable to Pensimo's investment foundation model and Swiss pension fund focus.
• PSP Swiss Property AG: Swiss-listed real estate company focused on prime commercial properties in Swiss metropolitan areas. Comparable to Pensimo's commercial real estate strategy (Turidomus Proreal, Pensimo Proreal).
• Avina Invest / Helvetica Property Investors: Swiss real estate investment manager operating investment foundations and funds for pension funds. Directly competes with Pensimo's investment foundation structure and Swiss institutional focus.
• Swiss Life Asset Management: Swiss Life Asset Management is the largest Swiss real estate and institutional asset manager, managing billions in Swiss and European real estate for Pensionskassen and insurance balance sheets. Direct competitor to Pensimo across Swiss direct real estate mandates and investment foundations.

Broad incumbents

• LaSalle Investment Management: Global real estate investment manager with European mandate and investment foundation equivalent vehicles. Competes with Pensimo's Testina platform for global real estate allocations from Swiss pension funds.
• Schroders Real Estate: Global asset manager with significant real estate capabilities. Targets European institutional investors with real estate solutions, comparable to Pensimo's international Testina offerings.
• UBS Asset Management (Real Estate): Global asset manager with Swiss real estate capabilities through UBS Fund Management (Switzerland) and former Credit Suisse real estate. Competes with Pensimo at the larger end of Swiss institutional mandates.

Regional players

• Helvetia Asset Management: Insurance-affiliated Swiss asset manager with significant real estate allocations for institutional and insurance clients. Competes with Pensimo for Swiss pension fund and institutional real estate mandates.
• Zürcher Kantonalbank Asset Management: Swiss cantonal bank with growing real estate investment foundation and institutional asset management offerings. Competes with Pensimo for Swiss pension fund real estate mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pensimo-management-ag

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pensimo