Swiss Prime Site Solutions announces two issues
In the second quarter, capital increases are planned for the Swiss Prime Site Investment Fund Commercial and the Akara Swiss Diversity Property Fund PK.
The fund management companies of Swiss Prime Site Solutions Investment Fund Commercial (SPSS IFC) and Akara Swiss Diversity Property Fund PK (Akara Diversity PK) plan to conduct their next issues in the second quarter, according to a statement from Swiss Prime Site Solutions.
The capital measures are expected to bring in up to CHF 50 million each for the two funds. The funds will be used mainly for the expansion of the portfolio, according to the statement. "Exclusive transaction opportunities" have already been secured. At the same time, new investors are to be given the opportunity to join the group of investors. This should further increase the liquidity of the securities.
According to the information, the subscription period for both funds is scheduled from May 8 to May 26. The fund units are scheduled to be paid on June 9. The fund management companies plan to announce further information on the issues shortly before the start of the subscription period.
The SPSS IFC invests directly and with a focus on commercial properties in good to very good locations throughout Switzerland. The Akara Diversity PK invests in roughly equal parts in existing properties and in development and construction projects with the use types residential and commercial. (ah)
