Akara Diversity PK: New capital increase to raise 62 million
The performance of Akara Diversity PK was above benchmark in the first half of the fiscal year. However, the next capital increase will be significantly smaller than announced.
In August, there had been talk of an issue volume of around CHF 100 million to CHF 150 million. The proceeds of the 10th capital increase, which is scheduled to run from October 24 to November 18, are earmarked for financing upcoming real estate projects and investments in Swiss real estate assets.
3.03% Performance in H1
The performance in the first half of the year is reported by Swiss Prime Solutions as the fund management company at 3.03%. This puts the fund 0.64 percentage points above the benchmark. As of the balance sheet date, there was a secured, outstanding investment volume for project developments, construction projects, revitalizations and conversions totaling CHF 277 million on 47 properties. The market value can thus be increased by 15% to CHF 2.8 billion after completion of the buildings. Around 720 new apartments and around 5,930 m² of commercial space are planned.
The portfolio comprises 144 existing properties and 11 construction projects. In the first half of 2022, 13 properties with a total value of CHF 155 million were acquired. Total investment assets have grown to CHF 2.5 billion. The residential share in the portfolio amounts to 53% as of the balance sheet date. The target rental income was increased to CHF 78 million.
Net income of CHF 27 million
Completed repositioning and construction projects, new leases and re-leases as well as the property acquisitions in the first half of 2022 increased net income to CHF 27 million. The rental loss rate decreased further from 5.93% to 5.76%. (aw)
