Swisscanto fund seeks fresh capital
The Swisscanto (CH) Real Estate Fund Swiss Commercial intends to increase its capital by up to CHF 45 million.
Swisscanto (CH) Real Estate Fund Swiss Commercial announces that new fund units can be subscribed between September 11 and 22, 2020 at an issue price of CHF 104.53 net per unit. The capital increase will be carried out while safeguarding the subscription rights of existing unit holders. A maximum of 429,967 new units will be issued in total, with a subscription ratio of 10:1.
Swisscanto announced that the capital increase is intended to continue the growth course. The fund has an attractive investment pipeline with which the existing portfolio is to be expanded in line with the strategy. The fund intends to use the issue proceeds to finance existing obligations and repay debt capital.
The Swisscanto (CH) Real Estate Fund Swiss Commercial was launched in 2010 and invests in commercial and mixed-use properties in all market regions of Switzerland, positioning itself in the core/core-plus segment. (ah)
