A Manhattan comeback: 158 West 27th Street

Like many other office buildings in New York City, 158 West 27th Street was hit hard by the pandemic. However, thanks to a structured plan, the help of local teams and focused investments, AFIAA has managed to turn things around.

The 158 West 27th Street property is located in the heart of the vibrant Chelsea neighbourhood, just a few steps away from Madison Square Garden and Penn Station. It is one of three properties owned by the AFIAA Investment Foundation in New York City.

While Covid-19 triggered a collapse in demand for office space throughout Manhattan, AFIAA opted for an active local strategy. A new letting team, strategic refurbishments and a stronger market presence succeeded in raising the occupancy rate to around 90%.

Valon Hidra, Head of U.S. Asset Management, explains in the video how AFIAA leverages commitment and agility to create value and how the company achieved the successful turnaround in Manhattan.

Good time to look into international real estate investments

Valuations of international real estate investments adjusted in recent years, making this an interesting time for Swiss pension funds to look into this asset class. AFIAA offers a choice between direct (AFIAA Global investment group) and indirect international investments (AFIAA Diversified indirect investment group).

More about AFIAA Global More about AFIAA Diversified indirect