Erres announces capital increase
The real estate fund Edmond de Rothschild Real Estate Sicav is planning a capital increase with a volume of around CHF 420 million.
As announced by Edmond de Rothschild, the Board of Directors of Edmond de Rothschild Real Estate Sicav (Erres) intends to significantly increase the capital of the Swiss sub-fund. An issue with a volume of around CHF 420 million is to be carried out in September.
The real estate fund plans to use the fresh money to finance new, majority-secured acquisitions as well as ongoing development and renovation projects. Furthermore, the leverage ratio is to remain within the strategic limit.
Detailed information on the capital increase will be announced at the end of July.
(Visited 374 times, 1 visits today)
