SF Commercial Properties: Fund raises 120 million

According to SF&P, the issue has been fully subscribed and 1.2 million fund units have been issued. For the time being, the investment vehicle is not listed on the stock exchange and is aimed at qualified investors. The allocation and payment of the fund units will take place on December 13, 2016.

The SF Commercial Properties Fund invests in industrial, logistics and other commercial properties throughout Switzerland along the main transport routes. The target allocation of the portfolio aims for 75 percent industrial, manufacturing and commercial, 15 percent office and 10 percent special properties with sustainable returns. Properties with excellent transport links or in central locations, solvent tenants and a wide range of possible uses are of particular interest.

In SF&P's view, this forms the basis for property-related value increases by exploiting existing development reserves and allows continuous capital growth while maintaining the targeted return. In the long term, the company is aiming for a sustainable dividend payout of more than four percent of NAV. The team of the asset manager Swiss Finance & Property Funds AG will be complemented by an experienced portfolio manager in the commercial sector. The first properties from the pipeline are to be acquired before the end of December. (ah)