Swiss Central City Real Estate Fund raises over 30 million
Despite the outbreak of the coronavirus crisis, the Swiss Central City Real Estate Fund successfully completed its capital increase in March and raised CHF 31.6 million.
The Swiss Central City Real Estate Fund carried out the issue from March 10 to 27 on a "best effort basis" as part of a subscription offer to investors in Switzerland. With a subscription ratio of 2:1, just under 300,000 new units were issued at an issue price of CHF 105.70 (incl. 1.5% issue commission and 0.5% ancillary costs). This means that there are now around 1.19 million units of the fund in circulation.
Swiss Central City intends to use the new funds of 31.6 million to expand its portfolio. Investments will be made in real estate assets in central locations throughout Switzerland. (ah)
(Visited 45 times, 1 visits today)
