SFPI: Development rate to increase
At its Annual General Meeting, Swiss Finance & Property Investment AG (SFPI) intends to increase the development quota, among other things. There will also be changes to the Board of Directors.
SFPI wants to strengthen its commitment to building land developments. At the company's annual general meeting, which will be held on April 12, shareholders are to resolve to increase the development quota - i.e. the option for pure building land developments - from 15 to 20 percent, SFPI says. The background to this is the "very good experience to date".
There will also be changes to the Board of Directors: Two of the previous six members - Laurent Staffelbach and Michael Schiltknecht - will not stand for re-election and will leave the Board at the end of their term of office on April 12, 2017.
The four other members - Hans-Peter Bauer, Christian Perschak, Carolin Schmüser and Alexander Vögele - are standing for a further term of office, according to the company.
