Fundamenta Investment Foundation seeks fresh money
Fundamenta Group Investment Foundation is planning its second capital raising in June 2020. The proceeds are to be used for the further expansion of the portfolio.
The Fundamenta Group investment foundation commenced operations in June 2019. In the first capital issue, around 50 pension funds subscribed to units in the amount of approximately CHF 100.57 million.
According to the Board of Trustees, the company has already invested these funds. Currently, the real estate portfolio consists of eight existing properties and one development project. A transaction for the acquisition of an additional residential property is to be completed by the end of May 2020; further acquisitions are under consideration.
For future portfolio expansion, the Board of Trustees is planning a second capital increase in June 2020; more detailed information will be published on the investment foundation's website by the end of May 2020. The Swiss Real Estate investment group focuses on direct investments in properties with residential and commercial uses in Switzerland. The share of rental income from residential use is at least 60%. (bw)
