SPA Real Estate Switzerland seeks fresh money
The SPA Real Estate Switzerland investment group of Swiss Prime Investment Foundation is opened for its now tenth issue. The target volume is CHF 140 to 280 million.
The total assets of the Swiss real estate investment group amount to CHF 3.1 billion and have increased due to acquisitions and the completion of development projects. The Board of Trustees of Swiss Prime Investment Foundation has now decided to open the investment group for a further issue.
The target volume is CHF 140 million, with a top-up option to CHF 280 million. The subscription period runs from August 29 to September 23, 2022.
The investment group intends to use the capital to purchase additional properties, finance development projects and reduce the leverage ratio, according to Swiss Prime Investment Foundation. Most recently, a fully leased office property with considerable potential for residential use "in an excellent location" in the city of Geneva was purchased. In addition, the investment group has signed purchase agreements for three multi-family houses in a prime location in Lausanne and for a development project in Biel. In Menziken, SPA Immobilien Schweiz is investing in a center development; construction is scheduled to start in August of this year. In January, the investment group acquired a logistics property for the first time.
The vacancy rate of the portfolio as of31. March 2023 was 2.69% (as of March 31, 2022) and the investment return has reached 6.39% (as of December 31, 2021). (ah)
