The ONE Real Estate Debt Fund (OREDF) once again successfully concluded the 2025 financial year and exceeded its target return of 5.5%. The net annual performance of share class DI amounted to 6.08%.  

In addition, OREDF recorded strong growth: as of 31 December 2025, fund assets increased to CHF 235 million. Another significant milestone was the total financing volume of CHF 171 million completed in 2025 – the highest level since the fund’s launch. This development underlines the growing importance of OREDF as an alternative financing partner for project developers and real estate investors. 

Supported by the continued restraint of banks – particularly in project developments – the market environment once again offered numerous attractive opportunities in 2025. OREDF successfully completed several first-ranking financings, consistently on second-ranking terms. Such bridge financings are particularly attractive as they combine high margins, short maturities and the security of a first-ranking lien. 

Outlook 2026: The credit pipeline is well filled with financing requests exceeding CHF 51 million. With this solid foundation, OREDF looks ahead to 2026 with confidence. 

If you are interested in a subordinated financing or an investment, our Investor Relations team will be pleased to assist you. 

OREDF factsheets as at 31 December 2025 – All share classes >