SFP AST Swiss Real Estate inflows around 38 million
The SFP AST Swiss Real Estate investment group of the SFP Investment Foundation has raised CHF 38.2 million in its third capital increase. The target volume was 50 million.
"Despite extremely difficult market conditions", the target volume of capital raised was almost reached, according to the SFP Investment Foundation. 19 pension funds made capital commitments totaling 38.2 million during the subscription period. Eleven new investors were acquired and the investor base increased to a total of 61 investors.
Assets under management now amount to 156.7 million. 32.1 million of the new funds have reportedly already been invested; the investment group has acquired four properties.
SFP AST Swiss Real Estate was launched in December 2018. The focus is on direct core/core+ real estate investments in Switzerland. (ah)
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