05.11.2020

Cantonal Bank of Lucerne invests in Fundamenta

 

Lucerne/Zug - The Cantonal Bank of Lucerne and the Fundamenta Group are joining forces in the area of real estate investments. As part of this collaboration, the Cantonal Bank of Lucerne will acquire a stake of 30 percent in the Zug-based asset management firm.

 

According to a press release issued by the Fundamenta Group, the Zug-based asset management firm is to join forces with the Cantonal Bank of Lucerne. The cooperation is aimed at strengthening the third-party business of the Fundamenta Group, which specializes in real estate investments, the company explains in the press release. In addition, the client base of the Cantonal Bank of Lucerne is characterized by an above-average level of real estate assets, according to the press release.

 

“Customers of the Cantonal Bank of Lucerne who own property have access to a comprehensive competence center, which also stands to benefit the listed Fundamenta Real Estate AG and the Fundamenta Group Investment Foundation, for example”, comments David Garcia, Founder and Chairman of the Board of Directors of the Fundamenta Group, in the press release. As part of the cooperation agreed between the two parties, the Cantonal Bank of Lucerne will acquire a stake of 30 percent of the shares in the Fundamenta Group. Moreover, a representative of the bank is to be nominated for a seat on the Board of Directors of the asset management firm.


Luzerner Kantonalbank



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