SF Fund presents figures for 2015
The SF Sustainable Property Fund invested CHF 122.4 million last year, increasing the total value of the portfolio by 70.8% to CHF 344.5 million (as at 31.12.2015).
Ten properties with an investment volume of CHF 122.4 million were acquired in 2015. As at the reporting date, the portfolio comprised 29 properties with a market value of CHF 344.5 million.
Net fund assets as at December 31, 2015 amounted to CHF 285.9 million (previous year: CHF 196.7 million). The operating profit margin (EBIT) remained stable at around 63%, while the return on investment for 2015 fell to 4.48% compared to the previous year (5.69%).
The leverage ratio amounted to 14.95% (previous year: 14.87%) and the fund operating expense ratio (TER GAV) of the SF Sustainable Property Fund was 0.67% (previous year: 0.72%).
The bankruptcy of a total contractor for two projects had a negative impact on the annual result, the fund announced. Due to the bankruptcy, claims for breach of contract amounting to CHF 2.55 million are no longer considered recoverable. As at December 31, 2015, the fund management company had therefore already made a value adjustment of CHF 1 million. The recoverability of the remaining claim of CHF 1.55 million recognized in the statement of assets is assured, the statement continues.
In the period from March 31 to April 15, 2016, the SF Sustainable Property Fund intends to carry out a capital increase of up to CHF 59 million. (ah
