SFP AST Swiss Real Estate raises 50 million

The SFP Investment Foundation has completed a capital raising for the SFP AST Swiss Real Estate investment group. A total of CHF 50 million was received from existing and new investors, the investment foundation announced.

The new funds will serve to expand the portfolio and will be used to develop the connected pipeline of over CHF 85 million, the statement continues. The staged development of three residential developments will increase the market value of the investment group to over CHF 700 million in the course of the 2024 financial year.

With the capital call, the debt financing ratio will fall to 10.4%, but will rise again to the strategic ratio of around 20% due to the growth of the portfolio. (ah)