SF Sustainable Property Fund seeks fresh money
SFP Funds AG is carrying out a capital increase of up to CHF 61.91 million for the SF Sustainable Property Fund. The proceeds are to be used for the further expansion of the real estate portfolio.
The SF Sustainable Property Fund is conducting a capital increase from May 25 to June 10, 2020 (12:00 noon). As SFP Funds AG announces, 13 existing units entitle to subscribe to one new unit at an issue price of CHF 122.00 net each.
The issue will be carried out on a commission basis ("best effort basis") as part of a public rights offering in Switzerland. Subscription rights may be traded in the period from May 25 to June 8, 2020. The issuance of new shares is limited to a maximum of 507,488. Units that are not subscribed for may not be issued, which will reduce the issue amount accordingly. The exact number of new units to be issued will be determined after the end of the subscription period, based on the subscriptions received. The fund management company will inform investors on June 12, 2020 about the definitive number of new units to be issued. The payment of the new units to be issued will take place on June 16, 2020.
The proceeds of the issue will be used for the further expansion and diversification of the real estate portfolio. The SF Sustainable Property Fund invests in real estate as well as projects with a residential focus. The strategy focuses on residential properties that are located no further than one kilometer from a train station. In addition, the properties must meet internal standards regarding sustainability and energy efficiency at the time of purchase. If this is not the case, the energy efficiency of the properties is increased after five to seven years at the latest so that at least category C of the cantonal building energy certificate (GEAK) is achieved. (bw)
