Swiss Central City seeks fresh capital
The real estate fund Swiss Central City Real Estate Fund plans to carry out a capital increase in March.
According to a statement from the fund management company Nova Property Fund Management, the subscription period for the capital increase is expected to run from March 10 to 27, 2020. The issue will be carried out on a "best effort basis" as part of a subscription offer to investors in Switzerland authorized under the fund contract.
Information on the volume of the issue, the issue price and the subscription ratio was not initially provided. The details are to be announced shortly before the capital increase.
The issue proceeds are to be used for the further expansion of the real estate portfolio, the statement continues. The Swiss Central City Real Estate Fund invests in real estate in central locations throughout Switzerland "with economic potential", according to the press release. The fund is aimed at qualified investors and is traded over the counter by Bank J. Safra Sarasin. (ah)
