SPA Real Estate Switzerland plans issue
The investment group intends to raise up to CHF 75 million for acquisitions and projects as part of the opening.
The Board of Trustees of the Swiss Prime Investment Foundation has decided on a further opening for the SPA Real Estate Switzerland investment group. According to a press release, the subscription period for the 12th issue will run from May 17 to June 14 and the volume is expected to reach CHF 75 million. The capital is earmarked for acquisitions and the financing of projects and to reduce the debt ratio.
As already reported the portfolio grew to CHF 3.9 billion in the past financial year. The investment group's vacancy rate at the end of 2023 was 1.77%. The return on investment fell from 4.15TP3T to 1.49% as a result of valuation adjustments. However, the cash flow yield amounted to 3.26% despite higher financing costs. (aw)
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