UBS Sima: Capital increase fully subscribed
The real estate fund UBS Sima has completed its June capital increase. All new shares have been fully subscribed, UBS says.
The issue proceeds amount to approximately CHF 203 million. Of these, funds are to flow into various UBS Sima projects, including the complete renovation of a residential property on Hauptstrasse in Binningen (investment volume approx. 24 million), the replacement construction of the "Ilot Sud" residential and commercial property in Morges (approx. 120 million) and the renovation and addition of a residential property on Rue Hoffmann in Geneva (17 million), as well as the replacement construction of a residential property on Grimselstrasse/Saumäcker in Zurich (60 million).
The remaining money will be used to acquire additional properties, finance refurbishments and construction projects, and repay debt financing, UBS says. (ah)
(Visited 45 times, 1 visits today)
