1291 Investment Foundation: Significantly oversubscribed issue
The 1291 Swiss Investment Foundation successfully completed its capital increase in January 2021. The issue was heavily oversubscribed and ultimately CHF 150 million was raised.
According to the December 2020 announcement, the 1291 Investment Foundation had expected a target issue volume of around CHF 115 million - now the total volume was 150 million. The interest from existing investors was great, in addition, the investor base was significantly expanded, the investment foundation said. A total of 115 pension funds are now invested in the "Real Estate Switzerland" investment group.
The net assets of 1291 Investment Foundation amount to approximately 610 million as of January 31, 2021. According to the investment foundation, it has a "very attractive pipeline of acquisition properties" and will use the proceeds from the issue to further expand its real estate portfolio. (ah)
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