New Swiss Prime Site Fund Completes Initial Offering

The fund management company Swiss Prime Site Solutions is satisfied with the launch of its first real estate fund, the Swiss Prime Site Solutions Investment Fund Commercial. During the subscription period of the first issue from November 1 to December 10, 2021, 1.4 million fund units were issued at a nominal price of CHF 100.00 plus issuing commission per unit, it says. As a result, the fund received equity capital in the amount of 144.2 million. In secondary market trading, the fund units reached a price of CHF 102.00 as of December 31, 2021, according to the fund management company.

The proceeds from the issue were used to purchase a real estate portfolio worth approximately 220 million. It comprises 13 properties that are broadly diversified in terms of geographical location and types of use. The fund focuses on commercial properties in economically good and established locations. (ah)