Fundamenta Investment Foundation: Oversubscribed capital raising
In its third opening, the Fundamenta Group Investment Foundation raised CHF 189 million in new capital; the target volume was CHF 150 million.
Due to strong demand, the target volume of CHF 150 million was exceeded and reached CHF 189 million, according to the Fundamenta Group Investment Foundation. The investor base was broadened to 120 pension funds.
The Investment Foundation intends to use the proceeds from the issue to further expand the portfolio of the Swiss Real Estate investment group, which focuses on direct investments in properties with residential and commercial uses in Switzerland. The portfolio currently consists of 18 existing properties and three ongoing development projects. With the new funds, the real estate portfolio could be expanded to over half a billion, Fundamenta said. (ah)
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