Capital increase for the Raiffeisen Futura Immo Fund
The Raiffeisen Futura Immo Fund wants to increase its capital by around CHF 70 million. The fund management company Verit Investment Management is therefore carrying out a capital increase until 14 September 2018.
According to the Raiffeisen Futura Immo Fonds, the additional funds will be used to finance the purchase of further properties as well as renovations and construction projects and to repay borrowings.
The fund was launched in March 2014 and invests in sustainable new construction projects, existing buildings and conversions throughout Switzerland, with a focus on residential properties. The properties are held in direct real estate ownership. The portfolio currently has a total volume of CHF 236 million and consists of 17 existing properties and two new construction projects. The annualized return over the last three years is stated at 3.7 percent.
In the capital increase, five existing units entitle the holder to subscribe to two new units. Investors who do not yet own any fund units or who wish to subscribe for more units than they have subscription rights for may participate in a free subscription. The issue price is CHF 93.04 net per unit. (ah)
