SF Retail Properties completes capital increase
The fund has reached its target of just under CHF 41 million.
The capital increase of the SF Retail Properties Fund real estate fund has been completed. According to a statement from the fund management company, the subscription rights have been exercised in full. As a result of the issue, the fund will receive new money amounting to the maximum gross amount of CHF 40.9 million.
The subscription period lasted from March 7 to 15. "The low trading volume of subscription rights confirms the broad support of existing investors for the fund strategy and the use of the additional funds," it says. The funds from the additional shares will be used for the further expansion of the real estate portfolio, to develop the potential of existing properties and to repay interest-bearing debt capital
Compared to an initial announcement, the fund management company had slightly increased the volume of the capital increase (IB reported). (aw)
