SFP AST Swiss Real Estate: Nine acquisitions
The SFP AST Swiss Real Estate investment group of SFP Investment Foundation has already invested most of the funds raised: Nine properties with a volume of CHF 120 million have been notarised.
As part of the capital raising, the investment group SFP AST Swiss Real Estate presented a pipeline of twelve properties, nine of which with a volume of just under CHF 120.0 million have since been notarised. The investment group's portfolio now consists of 24 properties and is valued at over CHF 340 million. New additions include one property each in Lausanne, Affoltern and Glattbrugg, as well as three properties each in Geneva and Basel. As a result of the acquisitions, the proportion of residential properties has increased and now stands at around 51% in terms of net rent and already at the strategic allocation of just under 60% in terms of market value.
According to the SFP Investment Foundation, 50 million of the subscribed new funds from the capital raising in the amount of 88 million had been called as of mid-July. As a result of the successful development of the pipeline, the remaining capital is now to be called up on 15 September 2021. The current debt ratio of 16.6% will be reduced to approx. 5.2% after the capital call, but will increase again to over 20% with the next transactions. (ah)
