Procimmo Real Estate SICAV examines acquisitions
In order to finance the acquisitions, the recently merged fund intends to carry out a capital increase.
Procimmo Real Estate SICAV, which was created in October last year from the merger of the Swiss Commercial Fund and Swiss Commercial Fund II sub-funds, is looking to grow. The asset manager has identified several properties with attractive returns and is pressing ahead with ongoing development projects, according to the fund. In order to achieve its growth targets, the SICAV has decided to raise funds on the capital market.
Procimmo did not initially provide any details: the amount of the capital increase and the subscription period will be announced at a later date, the company merely stated. The SICAV currently holds 104 commercial properties and has gross assets of CHF 1.9 billion. (ah)
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