Swiss Life Fund: Capital increase subscribed at 100%
The Swiss Life REF (CH) European Properties real estate fund has raised new funds of around EUR 103 million in its capital increase.
Swiss Life REF (CH) European Properties reports that its latest capital increase has met with great interest from investors. According to the fund, the total volume of new money amounts to around 103 million euros, which corresponds to a subscription ratio of 100%.
The fresh money will be used to acquire properties and repay short-term debt financing. The fund currently holds twelve properties in eight European countries with a total market value of around 409 million euros.
The issue was carried out on a commission basis ("best effort basis") as part of a subscription offer in Switzerland. One million units were issued at a price of EUR 104.00 each. As of the payment, which is scheduled to take place on July 11, 4 million fund units will be in circulation. (ah)
