SF Retail Fund: Issue reaches maximum amount
All shares were subscribed for in the capital increase. The fund will receive a good CHF 56 million as a result.
The capital increase of the SF Retail Properties Fund has been completed with the maximum amount. As reported by Swiss Finance & Property, the fund has received CHF 56.2 million.
The subscription period lasted from October 2 to 11 and was carried out by means of a rights offering. "The low trading volume of the subscription rights confirms broad support from existing investors for the fund strategy and the use of the additional funds," it says. The new shares will be paid out on October 18.
The fresh new funds will be used to further expand the real estate portfolio and invest in existing properties as well as to repay loans. (aw)
