Fund: UBS "Swissreal" seeks fresh money
From 20 April to 3 May 2017, UBS Switzerland AG will carry out a capital increase with subscription rights for its fund UBS (CH) Property Fund - Swiss Commercial "Swissreal".
The fresh funds are to be used for the acquisition of properties, the financing of renovations and construction projects as well as for the repayment of debt financing. The subscription rights will be traded on the Swiss stock exchange between 20 April and 28 April 2017. The payment and delivery of the new shares as well as the publication of the issue result are scheduled for 12 May 2017.
Over the last few months, UBS "Swissreal" has invested in existing properties and construction projects in good locations on Lake Geneva and in the Berne region, adding attractive properties to the portfolio. The capital increase was announced at the end of January and is expected to reach a volume of around CHF 128 million.
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