Solvalor 61 expands portfolio and seeks fresh money
The Western Switzerland residential real estate fund is planning a capital increase in May. Among other things, this will be used to finance a portfolio purchase and renovation projects.
The Solvalor 61 real estate investment fund is planning a capital increase of CHF 170 million at the end of May to finance various acquisitions and construction and renovation projects. This was announced by the fund management company Realstone.
The fund recently acquired properties in the cantons of Vaud and Geneva worth CHF 43.6 million and signed the purchase agreement for a portfolio of several residential properties in Nyon (VD) worth around CHF 140 million. Solvalor 61 also received planning permission for a project in Ecublens (VD) worth CHF 14.4 million. In total, the transactions have a total investment volume of CHF 198 million, with a gross yield of 4.6%, Realstone explained.
The proceeds from the capital increase will be used for the continuation of the projects and for energy-efficient refurbishment. The detailed terms of the capital increase are to be published on May 6. The fund management company reserves the right to change the subscription period and timetable depending on market developments. (ah)
