Utilita AST: Fresh capital for investment group

The Utilita Investment Foundation for Non-Profit Real Estate is in its fourth business year and announces the fourth capital increase of its investment group "Non-Profit Real Estate Switzerland" for a maximum of CHF 30 million. The subscription period runs from February 1 to March 26, 2021. The target group for this offering is Swiss pension funds.

Since its establishment in February 2019, Utilita says it has built up an investment group of around CHF 114 million and secured properties for 57.7 million. Although the portfolio is still being built up, it is on target with existing properties in German and French-speaking Switzerland, the investment foundation says.

The capital increase of 30 million planned for February is intended to cover obligations on the one hand, and to continue the growth strategy and further expand the portfolio on the other. The exact terms of the planned capital increase can be viewed on Utilita's website at www.utilita.ch.

As the first investment foundation with a specialized investment focus on non-profit real estate, Utilita invests in residential real estate throughout Switzerland that has a non-profit orientation and serves to promote affordable housing. This includes residential buildings with low-cost rents, special residential buildings such as apartments for the elderly, students, or cooperatives, as well as land that is sold under building rights. (bw)