Swiss Prime Investment Foundation places first issue
Swiss Prime Site AG's Swiss Prime Investment Foundation (SPA) placed its new SPA Real Estate Switzerland investment group with an initial issue of CHF 550 million as of September 17, 2015. With the proceeds of the issue, the SPA intends to acquire an initial portfolio of residential and commercial properties with development projects.
According to the SPA, around 200 Swiss pension funds from the private and public sectors have significantly oversubscribed the initial issue with a subscription volume of CHF 1.5 billion. (ah)
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