Property One sold back its holding in Hyrock AG at the end of 2020. Both parties have agreed not to disclose any details of the price. At the same time, Kevin Hinder stepped down from the Board of Directors of Hyrock AG. Following the successful two-year start-up phase of Hyrock AG, the two companies will now maintain their collaborative relationship, and Property One will continue to provide its clients with innovative and competitive financing solutions.
Property One was approved as a manager of collective assets by the Swiss Federal Market Supervisory Authority (FINMA) in December 2020. An initial product launch in the form of a Swiss investment fund for real estate financing was successfully implemented at the beginning of February. The formal separation of the two companies will ensure mutual independence and avoid conflicts of interest. In addition, Property One makes it possible to collaborate with many other partners in the credit brokerage business.