Pure Funds: Capital increase slightly smaller
CHF 16.5 million is to be raised for the Pure Swiss Opportunity REF in an upcoming capital increase. The original target was CHF 30 million.
The fund management company Pure Funds AG is carrying out a capital increase for the Pure Swiss Opportunity REF real estate fund from November 20 to 30. The planned proceeds of up to CHF 16.5 million will be used to purchase residential and commercial properties in the cities of St. Gallen and Lucerne "in the current buyer's market", according to a recent press release. In addition, the level of debt financing will be reduced.
The issue will be carried out on a commission basis as part of a public subscription offer in Switzerland. The issue price is CHF 123.90 net per new unit. The issue of new units is limited to a maximum of 133,263. Payment is scheduled to take place on December 7.
In an announcement in October, there was still talk of a capital increase of CHF 30 million. A planned purchase in the greater Zurich area was also mentioned at the time. (aw)
