Schroder ImmoPlus plans capital increase of around 130 million

As announced by Schroder Investment Management (Switzerland) AG, the proceeds from the issue will be used to finance the expansion of the real estate portfolio, among other things. CHF 65.1 million, or around half of the planned proceeds from the issue, will be for the recently acquired commercial property in Winterthur.

"The planned capital increase optimizes the conditions for further moderate growth in existing and new properties with the aim of creating added value for investors," says Roger Hennig, Head of Real Estate Switzerland and fund manager of Schroder ImmoPlus.

The new Schroder ImmoPlus units can be subscribed from February 5 to 16, 2018. The capital increase will be carried out while safeguarding the subscription rights of existing shareholders. Subscription rights trading will take place from February 5 to 14.

One subscription right is allocated to each existing unit. On the same day after the distribution of subscription rights, the fund units are split in a ratio of 1:8. One unit (before split) entitles the holder to subscribe to a new unit at the subscription and issue price of CHF 135.

The issue will be carried out on a commission basis ("best effort basis") as part of a public subscription offer in Switzerland and a free subscription in Switzerland for the shares not subscribed for in the subscription offer. Investors who wish to participate in the open subscription must have fully exercised the subscription rights allocated to them or acquired by them. Any unsubscribed units will not be issued, which would reduce the issue amount.