• AFIAA is an investment foundation under Swiss law that invests exclusively in foreign real estate assets. It offers tax-exempt Swiss pension funds an attractive investment instrument with a clear profile, allowing them to make targeted additions to their portfolios. The manager of the AFIAA Foundation’s assets, AFIAA Real Estate Investment AG, is a member of the Avadis Group. The portfolio currently comprises 28 direct investments with sustainable growth potential in North America, Europe and Australia. The total investment volume on December 31, 2016 was around CHF 1.5 billion. AFIAA has offices in Zurich, New York and Sydney. More information on AFIAA can be found at www.afiaa.com.