Akara Diversity PK plans new capital increase
Akara Funds AG announces a capital increase for the real estate fund Akara Diversity PK in the fourth quarter. The funds from the issue in June are already fully invested.
The next capital increase is expected to reach a volume of 200 to 250 million, Akara Funds announces. These funds will be fully invested from the beginning, as properties have been purchased since the balance sheet date and the Akara Diversity PF already shows a leverage of around 25 percent, which will continue to increase until the next capital increase with short-term mortgages is paid.
As of June 30, 2018, the Akara Diversity PK included 52 deeded properties and one committed property, of which 48 are owned with a total value of 579.14 million. After the balance sheet date, one property with a value of 12.98 million and one development project with an approved design plan with a value of 64.48 million had been transferred to the Fund's ownership. In total, the Akara Diversity PK thus currently includes properties and development projects worth 656.6 million.
As of the balance sheet date, the vacancy rate of the portfolio properties was 6.46 percent. Adjusted for properties under initial occupancy and under construction, the figure is 5.15 percent.
After completion of the buildings, the target rental income will consist of 49 percent residential use and 51 percent commercial use. The goal of a balanced distribution of use between residential and commercial will thus be achieved in the near future, Akara Funds informs.
In the first half of the year, the Fund generated income of 15.52 million, of which rental income accounted for 9.26 million. After deduction of expenses, net income amounted to 12.72 million. The investment return is put at 3.27 percent (annualized 6.58%). (ah)
