OPENLY Return
Real Estate Investment
Attractive returns. Measurable impact. Renewable real estate.
OPENLY RETURN 1 Holding AG invests in fully decarbonized residential real estate. Our approach combines industrial construction processes with radically simplified building systems, resulting in extremely low life-cycle costs.
The result: a scalable real estate portfolio with a measurable environmental impact and attractive return prospects thanks to higher net rents.
No fund structure. No stock exchange listing. Instead, a direct stake in a Swiss real estate corporation.
Comparison of Dividend Yields
How does OPENLY RETURN position itself relative to Swiss real estate funds and real estate companies?
The following overview compares the distribution yields and investment returns of selected Swiss real estate investments. The entries are sorted in descending order by distribution yield.
The BLKB Sustainable Property Fund, launched in 2025, serves as a sustainability benchmark; it is a first in the market in that it has defined specific climate targets for its real estate portfolio.
The comparative figures are from different reporting periods. The information regarding OPENLY RETURN refers to a target distribution yield and not to a historical distribution.
As of October 24, 2026
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| # | Funds / Company | Dividend Payout % | Return on Investment (%) | Status |
|---|---|---|---|---|
| BM | BLKB Sustainable PropertyBenchmark
About the ProductContractual fund for qualified investors only, launched in July 2025; listing on SIX planned for a later date, with the first capital increase scheduled for Q4 2026. Portfolio as of June 30, 2026: Market value of CHF 181.2 million, 83% of properties located in northwestern Switzerland, residential properties accounting for 64% of target rental income, rental vacancy rate of 2.75%. With full distribution, a distribution yield of approximately 2.5% is expected (table value: H1 26). Climate targets: Net zero (Scope 1 and 2) by 2050 on a 1.5-degree pathway (CRREM); approximately 70% of the portfolio decarbonized by 2030. Operating emissions in 2024: 2.4 kg CO₂e/m². All properties are GEAK-certified. |
2.80 | 2.79 | H1 26 |
| 1 | PURE Swiss Opportunity REF
About the ProductA publicly traded real estate fund managed by PURE Funds AG, listed on SIX since October 2025. Not a purely residential fund: residential share of 52% as of June 30, 2026. Portfolio properties for recurring income plus a defined share of project developments; acquisitions primarily made without a bidding process. Market value of CHF 314.9 million as of June 30, 2026; 18 properties as of the end of 2025. Investment return: 6.6% in fiscal year 2025 (table), 2.4% in the first half of 2026. |
3.45 | 6.6 | GJ 25 |
| 2 | Swisscanto IFCA
About the ProductSwisscanto’s (ZKB) oldest fund, established in 1961. Over 90% of income comes from residential properties in the mid-range rental segment, with a broad distribution across Switzerland. Properties are held indirectly through real estate companies. |
3.31 | 4.2 | GJ 25 |
| 3 | OPENLY RETURN AGNew
About the ProductInvestment platform organized as a public limited company (AG); not a fund and not publicly traded. First project: Rheinstrasse, Widnau, SG—16 apartments. Properties are fully decarbonized and built with 6 kg CO₂/m² (best in class); the entire portfolio is energy-positive (GEAK A+, Minergie-P). Climate goal: Net zero (Scopes 1, 2, and 3) starting in 2026. |
3.00 | n/a | Oct. 26 |
| 4 | Suburban Real Estate Fund
About the ProductLaunched in December 2021. Residential real estate outside major urban centers. A small, newly established fund managed by the same fund management company as Immofonds (Zuger Kantonalbank). |
2.70 | 6.1 | H1 26 |
| 5 | Helvetica Swiss Living
About the ProductResidential properties (Core/Core+) in suburban, high-growth locations with good access to transportation. Listed on SIX since December 2024 and open to retail investors. |
2.62 | 4.68 | 12/25 |
| 6 | Realstone RSF
About the ProductFund management based in Lausanne; launched in 2008; listed on SIX. The proportion of residential properties has been intentionally increased; according to the fund management, the strategic target will be reached in March 2026. Goal: at least a 3% return on net asset value. |
2.42 | 4.53 | 03/26 |
| 7 | Swiss Life REF ESG Swiss Prop.
About the ProductResidential properties in cities and metropolitan areas, as well as centrally located commercial properties. Launched in 2015, listed on SIX since 2019, ESG strategy with a CO₂ reduction pathway. |
2.28 | 2.34 | 09/24 |
| 8 | Swissinvest RE Fund
About the ProductPensimo funds, diversified by property type, use, and location in Switzerland. Focus on residential properties, with some office properties. Recent major acquisitions in Zurich. |
2.24 | 5.17 | FY 25/26 |
| 9 | UBS Direct Residential
About the ProductDirect investments in residential real estate throughout Switzerland, with a focus on selected metropolitan areas. Founded in 2006, listed since 2010. Remains independent following the UBS fund merger. |
2.10 | 2.6 | 06/24 |
| 10 | Swiss RE Patrimonium
About the ProductResidential properties in the low- to mid-range rental segment, the Lake Geneva region, and the Fribourg–Bern–Basel–Zug corridor. Launched in 2007; fund management in Baar. |
2.03 | 4.71 | Course 07/26 |
| 11 | Real Estate Funds
About the ProductIn business since 1955. Core fund with approximately 80% residential properties in metropolitan regions of German-speaking Switzerland. The fund management company is owned by Zuger Kantonalbank. |
2.00 | n/a | FY 25/26 |
| 12 | UBS Anfos
About the ProductOver 75% of residential properties are located in economically attractive areas of German-speaking Switzerland, primarily in major cities and metropolitan areas. A capital increase of approximately CHF 250 million has been announced for early December 2026. |
1.97 | 5.8 | Course 10/26 |
| 13 | UBS Foncipars (Léman Res.)
About the ProductOver 95% residential properties in French-speaking Switzerland. Switzerland’s oldest real estate fund (1943). Capital increase of CHF 156 million in the spring of 2026. |
1.84 | 6.0 | 12/25 |
| 14 | Procimmo Residential
About the ProductSub-fund of Procimmo Real Estate SICAV (corporate structure, not a contractual fund). Residential real estate in French-speaking Switzerland. High premium, resulting in a low yield based on the price. |
1.79 | 3.44 | 06/26 |
| 15 | CasaInvest Rheintal AGRegion
About the ProductReal estate company organized as an AG (public limited company); not a fund and not listed on SIX; traded via OTC-X of the Berner Kantonalbank. Founded in 1998, headquartered in Diepoldsau. Residential and commercial developments as well as development projects, exclusively in the St. Gallen Rhine Valley. Dividend for 2025: CHF 10.50 per share as a repayment from capital contribution reserves (proposal by the Board of Directors). Share price CHF 650 as of October 5, 2026 (individual financial statements), net asset value CHF 456 as of December 31, 2025, premium of approximately 43%. Market capitalization of CHF 313.7 million as of December 31, 2025. |
1.62 | n/a | GJ 25 |
Notes on the Comparison and Disclaimer.
The comparative data is based on publicly available fund reports, fact sheets, and financial sources. The data as of the date of publication and calculation methods may vary by provider. All information is provided without warranty.
The information regarding OPENLY RETURN 1 Holding AG is provided by the company (as of October 2026). OPENLY RETURN 1 Holding AG is an unlisted real estate company organized as a stock corporation and does not offer fund shares.
This publication is intended solely for informational purposes and does not constitute investment advice, a binding offer, or a solicitation to purchase securities. Past performance, forecasts, and target returns are no guarantee of future returns. Investments involve risks, including the risk of total loss of principal.