Swiss Life: European Properties completes capital increase
The Swiss Life REF (CH) European Properties real estate fund received new money in the maximum amount of EUR 81 million in its capital increase.
Swiss Life Asset Managers announced that the capital increase for Swiss Life REF (CH) European Properties was oversubscribed. With a subscription ratio of 6:1, the maximum number of 777,777 units was issued at a price of EUR 105.00 per unit. The oversubscriptions will be reduced proportionally.
The issue was carried out on a commission basis ("best effort basis") from 9 September to 22 September 2021 as part of a subscription offer in Switzerland. The new units were paid on 29 September 2021, bringing the total number of fund units outstanding to 5.44 million.
The fund intends to use the proceeds to acquire new real estate assets and projects throughout Europe, excluding Switzerland. Swiss Life REF (CH) European Properties currently holds 16 properties in nine European countries with a total market value of EUR 566.2 million. (ah)
