64 million for Procimmo Swiss Commercial II
Procimmo Swiss Commercial Fund II has raised CHF 64 million in its capital increase. The issue was significantly oversubscribed, Procimmo reports.
The funds raised in this now third capital increase correspond to 546,033 new fund units. The subscription period ran from March 12 to 22, 2018, and the transaction was completed with the allocation and payment of the fund units on March 29. Three existing fund units entitled to subscribe to one new fund unit.
With the fresh money, the fund intends to acquire further commercial and industrial properties in German-speaking Switzerland in the coming months and to further develop its real estate portfolio. Procimmo also intends to continue to close sale-and-lease-back transactions, as this increasingly meets the needs of sellers. In addition, the company intends to maintain favorable leases in its real estate portfolio.
As of March 31, 2018, the real estate fund holds 23 properties in the cantons of Aargau, Basel-Land, Bern, Fribourg, Grisons, Lucerne, Solothurn and Zurich.
