Schroder Immoplus seeks fresh capital

The proceeds from the capital increase, together with an increase in debt capital, are to be used for acquisitions, Schroder Investment announced. To this end, the company plans to acquire two commercial properties in Geneva and in northwestern Switzerland before the end of the year.

"The acquisition of the two properties will allow us to further improve the quality of the portfolio and the risk profile," says Roger Hennig, Head of Real Estate Switzerland and Fund Manager of SRIP.

Schroder Invest intends to issue approximately 1.3 million new shares at a net price of CHF 140 as part of the capital increase, bringing the total number of shares to just under 10 million. The issue will be carried out on a commission basis ("best effort basis") within the framework of a public subscription offer in Switzerland and a free subscription in Switzerland for the shares not subscribed in the subscription offer. The subscription ratio is 13:2.

The subscription period runs from December 12 to 20, 2019, with trading of the subscription rights taking place between December 12 and 18. Zürcher Kantonalbank is the lead manager of the capital increase.

Schroder Immoplus was launched in September 1997 and invests primarily in commercial real estate in economically prosperous regions. (ah)