Raiffeisen enters real estate business
St.Gallen – Raiffeisen has become the first Swiss bank to offer real estate brokerage services. It founded a subsidiary, Raiffeisen Immo AG, for these activities and will operate on the market under the name RaiffeisenCasa.
According to Raiffeisen, the bank’s real estate business will begin initially as a pilot project in all 13 branches in northwestern Switzerland. The Bernese Oberland will be included in the pilot project as of November.
Raiffeisen is currently the market leader in home equity financing, with a mortgage volume of 168.7 billion Swiss francs. RaiffeisenCasa will build on this by now offering brokerage services.
“The new offer is not only a logical extension of Raiffeisen’s value added chain, but also offers customers genuine added value as they can now receive all real estate services from a single source,” said Roland Altwegg, head of Products & Cooperation and member of the board of directors of Raiffeisen Immo AG. “Raiffeisen now offers a comprehensive, end-to-end service in the area of private home ownership.”
Andreas Sorge will be responsible for the management of the new Raiffeisen Immo AG at the beginning of 2018. The qualified real estate trustee worked most recently as a sales manager at Swiss Life Immopulse.