Renewed issue for the Akara Diversity PK
The real estate fund Akara Diversity PK has announced another capital increase for mid-March. The issue volume is expected to be between CHF 110 and 150 million.
With the fresh money, the Akara Diversity PK (Akara Swiss Diversity Property Fund PK) intends to finance upcoming construction projects, expand the property portfolio and reduce the leverage ratio, according to Akara. It also aims to broaden the investor base in order to increase the liquidity of the securities. The issue is planned with a subscription period from March 15 to April 30, 2021, and payment on June 25, 2021.
The Akara Diversity PK was launched in October 2016; the target group is tax-exempt pension funds domiciled in Switzerland as well as social security and compensation funds. Investments are made in existing properties as well as in development and construction projects with residential or commercial use. (ah)
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