SFP Investment Foundation plans to raise up to 60 million
The next capital raising for the SFP AST Swiss Real Estate investment group is scheduled to start on May 27.
The SFP Investment Foundation is raising capital for the SFP AST Swiss Real Estate investment group from May 27 to June 21. The new funds are earmarked for acquisitions and an already connected pipeline. The funds will also be used to maintain the debt ratio around 20%.
According to a press release, four properties with a volume of over CHF 90 million are currently connected. These properties are to be integrated into the portfolio over the coming months. The addition of the last property, a residential development in Troinex (GE), is planned for November 2024.
"The debt ratio is currently a moderate 16% and all properties can still be acquired without new capital," writes SFP AST. The target allocation remains unchanged at 60% residential. The investment group's last capital raising took place last fall (IB reported). (aw)
