Sustainable Real Estate: Timber construction fund not coming for the time being
The subscription period for Sustainable Real Estate's timber construction fund began in November. However, investor interest fell short of expectations.
The Board of Directors of Sustainable Real Estate Investments SICAV has decided to postpone the launch of the "Sustainable Real Estate Wood" fund, which was intended to offer timber construction investments for qualified investors. The reason is the current market environment.
"The concept of a sustainable fund with a focus on Swiss residential real estate in timber construction has met with great interest from the qualified investors we are targeting," says Marco Scheurer, Managing Director of Sustainable Real Estate AG. However, investors are "very reluctant" to make new investments in the current environment.
Up to 100 million francs should be collected
According to the announcement, the subscription period for Sustainable Real Estate Wood ran from November 8 to December 4, with a subscription volume of CHF 50 to 100 million. The debt financing ratio was to be a maximum of 33.3% (IB reported). (aw)
