UBS Swissreal seeks fresh money
UBS Fund Management announces a capital increase for the real estate fund UBS Swissreal at the end of April, beginning of May. The fund plans to raise CHF 111 million in new capital.
The aim of the capital increase is to raise additional funds for the purchase of properties, the financing of refurbishments and construction projects, and the repayment of debt financing, the fund management company says. UBS (CH) Property Fund - Swiss Commercial (UBS Swissreal) invests mainly in Swiss commercial properties in large cities and their agglomerations.
The fund management intends to announce the exact terms of the issue at the beginning of April; the capital increase is expected to inject funds in the order of CHF 111 million into the fund's coffers. The issue price will consist of the net asset value as of December 31, 2021, after distribution plus accrued income up to the payment date and the issue commission. (ah)
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