PSCF 2: Investment return of over ten percent
Since its launch in May 2014, Procimmo Swiss Commercial Fund II (PSCF 2) has realized an overall performance (with dividends reinvested) of 15.38 percent for the first fiscal year ended September 30, 2015.
As of September 30, 2015, the investment return of PSCF 2 was 10.17 percent, and the distribution return was 4.55 percent.
The fund's fixed assets amounted to CHF 108.1 million at the end of the financial year, while net fund assets totaled CHF 76.4 million. The leverage ratio was 26.53 percent at the end of September.
The fund invested the CHF 38 million raised via a capital increase in September 2015 in real estate. As of September 30, 2015, the fund owned eight properties (in Biel, Dietikon, Kirchberg, Murten, Oberentfelden, Root, Spreitenbach and Wallbach). After September 30, 2015, further properties worth over CHF 60 million were acquired in Münsingen, Villmergen, Würenlingen, Nebikon and Kriens-Obernau.
These are in particular commercial or industrial properties with high appreciation potential. PSCF 2 invests in real estate outside city centers, but in economically active regions. (ah)
