SF Retail Properties Fund: Capital increase completed
The SF Retail Properties Fund received new money in the maximum amount of CHF 105.3 million as part of its capital increase.
The capital increase took place from September 18 to 29, 2017, and was carried out by means of a rights offering with a subscription ratio of 4:1. According to Swiss Finance & Property, 99.8 percent of the subscription rights were exercised during the subscription period. Together with subscriptions from investors for the subscription rights that were not exercised, more than one million new units in the fund were issued at a net price of CHF 104. As a result, the SF Retail Properties Fund received new money in the amount of 105.3 million (gross).
A total of around 5.1 million fund units are now outstanding. The new units were paid up and the listing and start of trading of all fund units on the SIX Swiss Exchange took place on October 3, 2017. The index inclusion in the SXI Real Estate Broad and the SXI Real Estate Funds Broad took place from October 4 to 6, with one third of the listed units each.
The SF Retail Properties Fund invests in properties with retail space throughout Switzerland. The strategy is to optimize the sustainability of the properties throughout their life cycle. The fund invests primarily in buildings that can be brought up to the fund's ecological, sociological and economic criteria within around seven years.
