Julius Baer Completes Acquisition of Real Estate Firm KM&P
Zurich-based Julius Baer, a wealth management firm based on a solid Swiss heritage, has fully acquired the real estate services provider Kuoni Mueller & Partner Ltd (KM&P) in Zurich, to meet the demand for real estate solutions as part of a holistic wealth management approach.
Julius Baer, which has acquired 83% shares of KM&P in October 2021, announced that it has bought the remaining minority shares in the company, which is now wholly owned by the Group, on Thursday.
Julius Baer also changed the name of its subsidiary KM&P to Julius Baer Real Estate Ltd. with effect from 1 September 2024. At the same time, it has also appointed Thomas Hodel as CEO of Julius Baer Real Estate Ltd. effective 1 February 2025.
In this role, Hodel will lead the company and further expand its position as one of the leading providers of real estate services in Switzerland. Hodel has many years of relevant experience on transaction and management level in the real estate brokerage business, the core business of Julius Baer Real Estate Ltd.
Dominik Weber, who led the company for many years as CEO and former majority shareholder, will remain active for the company as a member of the Board of Directors and advisor to Julius Baer Real Estate Ltd. after the handover to Thomas Hodel.
With his extensive experience in the real estate industry, Dominik Weber will continue to contribute to the development of the company and will be actively involved in client acquisition and mandate management on an ongoing basis.
As a real estate service provider, Julius Baer Real Estate Ltd. continues to offer brokerage services for investment properties and owner-occupied residential properties as well as property valuations of the highest quality. Based in Zurich and Geneva, it provides its services to clients of the Julius Baer Group as well as to third-party clients.
Diversifying Funding Strategy
Julius Baer Group Ltd also said that it has successfully placed $555.81 500 million five-year senior unsecured notes through ELM B.V., a repackaging issuance entity incorporated in the Netherlands. This senior unsecured issuance allows Julius Baer to further diversify its funding strategy in international debt markets. The transaction was targeted at European institutional investors and the proceeds will be used for general corporate purposes.
Julius Baer Group will issue loan notes to, and which are held by, ELM B.V. (or a nominee acting on its behalf), which in turn will issue its own notes to investors secured by the Julius Baer Group Ltd. loan notes.
The securities carry a fixed-rate, annually payable coupon set at 3.875% per annum and have been issued in denominations of $111162.99. An application for admission to trading of the notes issued by ELM B.V. on Euronext Dublin will be made, the company said.
