SFP AST Real Estate raises 88 million
The SFP AST Swiss Real Estate investment group of the SFP Investment Foundation received more than CHF 88 million in the course of its capital raising activities.
The fifth capital raising of the SFP AST Swiss Real Estate investment group has clearly exceeded the target volume of CHF 50 to 80 million, according to SFP Anlagestifrung. Of the subscription volume of over CHF 88 million, CHF 48.9 million came from newly invested pension funds. A total of 86 pension funds are now invested in the investment group, according to SFP Investment Foundation.
An initial CHF 50 million is to be called up on the payment date of 14 July 2021, with the remaining CHF 38 million to follow by 30 September at the latest. The net asset value (NAV) of the investment group is expected to exceed CHF 310 million at the time of the second capital call, SFP Investment Foundation further announces.
Five properties worth just under CHF 74 million were notarised during the subscription period, the statement continues. The proportion of debt financing will now be further increased by the next transactions from the expanded pipeline before the remaining capital is called up. (ah)
