SPA Real Estate Switzerland closes fourth issue
The SPA Real Estate Switzerland investment group of Swiss Prime Investment Foundation raised around CHF 180 million in its fourth issue.
The circle of investors has been expanded again and now amounts to more than 260 tax-exempt pension funds in Switzerland, Swiss Prime Investment Foundation reports.
Within seven months, the SPA Real Estate Switzerland investment group has raised over 400 million, representing an increase in net assets of approximately 40%.
The additional funds will be used to continue exclusive negotiations for the acquisition of 14 properties, the investment foundation further announces. It is expected that the issue proceeds of 180 million will already be invested in June 2019.
As of the end of March 2019, the SPA Real Estate Switzerland investment group comprises a real estate portfolio with Swiss residential and commercial properties worth around CHF 1.9 billion. (ah)
