SFP AST: Capital raising for Swiss Real Estate investment group
With fresh capital of up to CHF 80 million, two properties in western and eastern Switzerland, among others, are to be acquired.
The SFP Investment Foundation announces a capital increase for the SFP AST Swiss Real Estate investment group. The subscription period begins on February 17 and ends on March 14. The investment group intends to use the new funds, which are expected to reach a target volume of CHF 60 to 80 million, to invest in its portfolio and finance acquisitions. As of today, two residential properties in the cities of Geneva and St. Gallen with a purchase price of CHF 34 million have been acquired. Further properties with a volume of over CHF 110 million are currently under review. The investment group estimates the development pipeline of the existing portfolio at over CHF 40 million. According to the information provided, around 85% of the portfolio is currently invested in properties in major cities and their agglomeration belts. (aw)
