Capital increase for PSCF 2
Procimmo has announced details for the capital increase of Procimmo Swiss Commercial Fund II (PSCF 2) planned for the end of February.
As stated in the issue prospectus, the subscription period for the capital increase will run from February 22 to March 9, 2021; the payment is scheduled for March 16.
The fund management company Solufonds intends to issue up to 520,904 new fund units at a subscription price of CHF 123.40 net per unit with a subscription ratio of 6:1. The capital increase thus has a volume of around CHF 60 million.
The strategy of PSCF 2 is to purchase commercially used real estate, primarily commercial and industrial properties, with vacancies, to upgrade them by letting them and thereby to realize an increase in yield. According to the issue prospectus, various acquisition projects are currently being evaluated. The funds from the capital increase should enable the fund to better exploit opportunities in the real estate market or to push ahead with further purchases, but also to exploit existing potential and to reduce the leverage ratio, it says. (ah)
