Avadis Investment Foundation seeks fresh capital
Avadis Investment Foundation is carrying out a capital increase for its investment group Real Estate Switzerland Residential Medium Centers. The volume is expected to be up to CHF 100 million.
Avadis Investment Foundation launched the Real Estate Switzerland Residential Mid-Cities investment group at the end of 2020, and since then the portfolio has grown to 27 properties with a market value of around CHF 200 million. According to the investment foundation, the target volume is CHF 500 million.
With a capital increase in the volume of up to CHF 100 million, further growth is now to be financed. The subscription period runs from August 22 to September 30, 2022, and the new capital is to be used to purchase additional properties, Avadis Investment Foundation announced. In the current year, four properties have been acquired, and further properties are in the pipeline.
The focus of the investment group is on locations with a high quality of life and surroundings within commuting distance of major centers. (ah)
