In the press

Foxstone announces the launch of its operations

20 June 2018
  • An online real estate crowdfunding platform managed by specialists in real estate investment and technology
  • A PropTech company that rethinks real estate investment and transforms the practices of the industry
  • A direct and transparent access to the Swiss real estate market through turnkey services

Geneva, June 20, 2018 – Foxstone, an online real estate crowdfunding platform at the heart of the Swiss PropTech innovation, announces the launch of its operations. Based in Geneva, the young company proposes participative investments in co-ownership in residential buildings in Switzerland. The first subscriptions launched on the platform, with a minimum investment of CHF 100,000, are residential buildings located in Meyrin (GE) and Concise (VD).

Rethinking real estate investment

Founded in 2016, Foxstone SA is a PropTech company that brings together twelve specialists in real estate investment and technology. The term PropTech, a contraction of Property Technology, refers to the digital innovations which are revolutionizing the real estate sector. Foxstone, winner of the Best Real Estate Crowdinvesting Platform at the Geneva Real Estate Crowdfunding Awards 2017, intends to transform real estate investment in Switzerland. The company’s mission is to make real estate investment more efficient and accessible to investors through the use of technology and thus to democratize an asset class that was previously restricted to insiders.

The launch of Foxstone’s operations is a milestone. The investment market in residential real estate will change in  Switzerland thanks to the tremendous opportunities offered by technology” rejoices Dan Amar, CEO of Foxstone. “The whole team is eager to revitalize the real estate investment and the PropTech sectors in Switzerland.

The company is supported by important strategic partners, la Vaudoise Assurances and Investis Group, and complies with all the regulations in force in Switzerland.

Direct access to real estate through a turnkey service

Foxstone proposes investments in co-ownership (crowdinvesting) in residential buildings in Switzerland, with a minimum investment of CHF 25,000. Co-ownership is the direct acquisition of a fractional part of a building with the inscription of the investor’s name in the Land Register. Co-owners receive the rental income quarterly and realize a potential capital gain when the building is sold.

Foxstone is intended for private investors and institutional clients by offering a turnkey service. The offers on the platform have been examined by teams of professionals through a strict financial, technical and legal due diligence. Foxstone handles and monitors the whole transaction; from gathering the investors and the legal framework to the negotiation of the mortgage and the acquisition of the property on behalf of the investors. The collection of the rents and the day-to-ay management of the buildings is delegated to a renowned property manager. Moreover, Foxstone guarantees a total transparency: the commissions and fees related to real estate transactions are known to all parties, the documents related to the analysis and the financing of the property are available online.

Foxstone also offers investments in real estate development projects through co-investment or mezzanine debt (crowdlending).

First properties offered

  • The company offers two quality multi-family residential buildings.
  • The first building, located in Meyrin in the canton of Geneva, has 9 apartments and was completely renovated in 2010. The expected yield is 7%.
  • The second building of 19 apartments was built in 2012 and is located in the commune of Concise in the canton of Vaud, on the shore of Lake Neuchâtel, in a quiet and green area. The expected yield is 6.5%.
  • All the documents, including the independent valuation, the investment brochure, the co-ownership agreement and others, are available on the online platform in complete transparency.

Foxstone in a nutshell:

Specialized in real estate investment, Foxstone is an online crowdfunding platform that offers quality residential real estate investments in Switzerland to private investors or institutional clients.

Foxstone offers direct access to the Swiss real estate market and allows you to benefit from returns with minimum investments below the market average. Foxstone offers new investment opportunities that are particularly attractive in terms of performance, accessibility and structuring of the service.

Previously hosted by the FUSION accelerator, Foxstone is based in Geneva and employs twelve people.

#foxstone #swissrealestate #crowdfunding #PropTech