Realstone

What Realstone does

Realstone SA is a privately held Swiss real estate fund management company headquartered in Lausanne (Avenue d'Ouchy 6) with a secondary office in Zurich. Founded in 2004 and operating under FINMA supervision, the company manages four collective investment vehicles: two SIX Swiss Exchange-listed funds (Realstone RSF, a nationwide Swiss residential fund; and Solvalor 61, a Swiss Romandy residential fund listed since 1961), plus two unlisted vehicles (Realstone Industrial Fund, reserved for qualified investors; and Realstone Fondation de Placement / RIRS, reserved for Swiss pension funds). Across these vehicles, Realstone manages CHF 5.2 billion of real estate assets encompassing 264 buildings, with 67% of Realstone RSF revenues derived from residential allocation as of 30.09.2025.

The company's underlying technology consists of traditional property and fund management platforms augmented by an Environmental Performance Tracking System built on REIDA and AMAS standardized methodologies for energy, carbon, water, and photovoltaic reporting, plus a CO2 Decarbonization Pathway Planning tool targeting fossil fuel heating replacement by 2031. Realstone participates in GRESB benchmarking, is a UN Global Compact signatory since 2020, and aligns its EESG (Economics, Environment, Social, Governance) framework with 9 of the 17 UN Sustainable Development Goals.

Realstone's revenue model is built on recurring fund management commissions (capped at 1% annually for Solvalor 61), transactional security issuance fees (capped at 5% during capital increases), and the underlying rental income generated by the properties held across its funds. Distribution occurs through the SIX Swiss Exchange for listed funds and direct institutional sales for unlisted vehicles, with capital increases conducted via Swiss banking infrastructure. Customer segments span public retail and institutional investors trading listed shares, qualified investors accessing unlisted funds, and Swiss pension funds using the dedicated Fondation de Placement vehicle. Key operational service providers include UBS Switzerland SA (custodian/depositary bank), PwC (statutory auditor), and Wüest Partner and CBRE Geneva (FINMA-approved real estate appraisers).

Name

Realstone

Legal name

Realstone SA

Website

https://realstone.ch

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Realstone SA is a Lausanne-based Swiss real estate fund manager operating four FINMA-regulated investment vehicles (two SIX-listed residential funds and two unlisted institutional vehicles) with CHF 5.2 billion in assets across 264 buildings, serving public investors, qualified investors, and Swiss pension funds.

Ownership category

akta.pro rank

Product category

Real Estate Fund Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259), Lessors of Other Real Estate Property (53119), Real Estate Property Managers (53131)

SIC

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

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

akta.pro secondary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

Keywords

• Real estate fund management
• Swiss residential properties
• Collective investment schemes
• Property investment vehicles
• SIX-listed real estate funds

Headquarters

HQ city

Lausanne

HQ country

Switzerland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: Realstone SA earns management fees from overseeing multiple real estate investment funds. For Solvalor 61, the maximum management commission is 1% per year. The company manages CHF 5.2 billion in real estate assets across listed and unlisted funds.
2. Security Issuance Fees: Fees collected when new fund shares are issued during capital increases. Solvalor 61 charged a maximum 5% issuance commission. Capital increases are conducted periodically to finance property acquisitions.
3. Property Rental Income: The funds under management generate rental income from residential and commercial properties across Switzerland. This forms the basis for distributions to fund shareholders and reflects operational performance.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Realstone SA manages a portfolio of Swiss real estate investment funds, including two SIX Swiss Exchange-listed residential funds (Realstone RSF and Solvalor 61) and two non-listed vehicles reserved for qualified investors (Realstone Industrial Fund and Realstone Fondation de Placement). The company oversees CHF 5.2 billion in real estate assets across 264 buildings, providing professional property management, rental income distribution, and capital appreciation opportunities to retail and institutional investors in Switzerland.

Product overview

Realstone is a Swiss real estate fund management company offering a portfolio of investment vehicles. The core offering includes three main products: Realstone RSF and Solvalor 61 (both SIX-listed residential real estate funds investing in Swiss properties), plus Realstone Industrial Fund (unlisted industrial fund for qualified investors) and Realstone Fondation de Placement (pension fund vehicle). The company manages CHF 5.2 billion in real estate assets across 264 properties, with a focus on residential properties in urban Romandie and throughout Switzerland.

Differentiator

Problem solved

Functional benefit

Brands

• Realstone RSF: SIX-listed real estate investment fund with focus on Swiss residential properties, investing throughout Switzerland
• Solvalor 61
• Realstone Industrial Fund
• Realstone Fondation de Placement

Products and services

• Realstone RSF Exchange-listed real estate investment fund primarily focused on residential properties throughout Switzerland. Targets long-term value creation through urban properties with strong appreciation potential. Accessible to public investors through SIX Swiss Exchange trading.
• Solvalor 61 Exchange-listed real estate investment fund investing in residential properties in Romandie Switzerland, primarily in Lausanne, Geneva, and the Léman arc. Targets urban residential properties with renovation and densification potential.
• Realstone Industrial Fund Non-listed real estate investment fund focused on industrial and artisanal properties. Reserved exclusively for qualified investors as defined by Swiss collective investment law (LPCC).
• Realstone Fondation de Placement (RIRS) Investment group Realstone Immobilier Résidentiel Suisse (RIRS) reserved for pension funds domiciled in Switzerland. Provides pension funds access to Swiss residential real estate investments for portfolio diversification and stable long-term returns.
• In-Kind Contribution (Swap) Acquisition Service enabling property owners to contribute income-producing buildings (immeubles de rendement) to Solvalor 61 in exchange for fund shares, providing a tax-efficient exit and liquidity solution for property owners.
• Sale-and-Leaseback Solution for SMEs owning their premises (PME propriétaires de leurs murs) that enables them to release liquidity by selling their real estate to a Realstone fund while remaining in their own premises through a leaseback arrangement.

Quantifiable outcome

• 5% net profit progression for Realstone RSF (fiscal year 2025-2026)
• +4 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered strategic and core.

• UN Global CompactstrategicStrategic or Co-development Partner · 1 January 2020Realstone SA signed the UN Global Compact in 2020, committing to environmental responsibility, human rights, labor standards, and anti-corruption principles. The company aligns its ESG efforts with 9 of the 17 UN Sustainable Development Goals (SDGs).
• UBS Switzerland SAcoreOthersUBS Switzerland SA serves as the depositary bank (banque dépositaire) for Realstone SA's funds, providing custody and oversight services for fund assets. Located at 8001 Zurich.
• PricewaterhouseCoopers SA (PwC)coreOthersPricewaterhouseCoopers SA serves as the statutory auditor (organe de révision) for Realstone SA's funds, providing independent audit services. Located at 1009 Pully.
• Wüest Partner SAcoreOthersWüest Partner SA is one of two FINMA-approved real estate appraisers (experts en immobilier agréés par la FINMA) providing independent property valuations for the Solvalor 61 fund. Located at 1204 Geneva.
• CBRE (Geneva) SAcoreOthersCBRE (Geneva) SA is one of two FINMA-approved real estate appraisers (experts en immobilier agréés par la FINMA) providing independent property valuations for the Solvalor 61 fund. Located at 1205 Geneva.
• Asset Management Association Switzerland (AMAS)strategicStrategic or Co-development PartnerRealstone SA is a member of the Asset Management Association Switzerland and participates in their recommended environmental indices reporting program since 2022, using standardized AMAS and REIDA methodologies for sustainability data.
• REIDA (Real Estate Investment Data Association)strategicTechnology or IntegrationREIDA provides standardized methodology for real estate energy and environmental data reporting. Realstone SA has participated in REIDA reporting since 2023, enabling transparent comparison across Swiss real estate investment funds.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Helvetica Property Investors: Zurich-based real estate investment company managing Swiss residential and commercial property funds for institutional and qualified investors. Closely comparable to Realstone's unlisted fund structure.
• Baloise Asset Management: Insurance-affiliated Swiss asset manager offering real estate investment funds and group placement vehicles for institutional clients. Comparable to Realstone via its Realstone Fondation de Placement and Industrial Fund offerings.
• Swiss Life Asset Managers: Swiss insurance-owned asset manager offering real estate investment funds and mandates across Switzerland. Comparable to Realstone through multi-vehicle real estate fund offerings including institutional and listed products.
• Procimmo: Swiss real estate company managing several investment funds (including residential vehicles) on behalf of qualified and institutional investors. Comparable to Realstone's multi-fund structure with Swiss residential focus.
• Swiss Prime Site Solutions: Swiss real estate fund management arm of Swiss Prime Site, managing investment vehicles focused on Swiss commercial and residential real estate. Directly comparable to Realstone as a domestic Swiss real estate fund manager with listed and unlisted products.

Broad incumbents

• Mobimo Holding: Swiss-listed real estate company with a large portfolio of residential and commercial properties across Switzerland. Broadly comparable as a Swiss real estate investment platform, though operates as direct owner/developer rather than pure fund manager.
• Allreal Holding: Swiss-listed real estate company with residential and commercial development plus investment portfolio. Comparable in Swiss residential real estate exposure but operates as integrated developer-investor rather than fund manager.
• PSP Swiss Property: SIX-listed Swiss REIT focused on commercial real estate in major Swiss cities. Comparable as a large-scale Swiss real estate investment vehicle competing for similar investor capital pools.
• Schroder Real Estate (Switzerland): International asset manager with a dedicated Swiss real estate investment capability, including funds and mandates. Comparable via Swiss real estate fund offerings, though part of a much broader global asset management franchise.

Regional players

• Zuger Kantonalbank (Real Estate Funds): Swiss cantonal bank with real estate investment offerings for the domestic market. Comparable as a Swiss domestic real estate investment provider, though operating with a regional rather than national distribution focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutu.be/93ibUIoRS5Q
• Xx.com/realstonesa
• Facebookfacebook.com/100069642093568
• LinkedInlinkedin.com/company/realstone-group

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Realstone