118 million flow into the Swiss Central City
The Swiss Central City Real Estate Fund has raised around CHF 118 million as part of its capital increase. The money is to be used for acquisitions.
The capital increase carried out by the Swiss Central City Real Estate Fund between October 14 and 27 was not fully subscribed: A maximum of 1.19 million new units were offered; according to Nova Property Fund Management, around 1.1 million units were issued at a price of CHF 108.40 each. This means that there are now 2.28 million fund units in circulation. The payment of the new units will take place on November 2, 2020.
The new funds of 118.4 million will be used to further expand the property portfolio, Nova Property Fund Management said. (ah)
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