03 November 2025 | SFP AST Swiss Real Estate

Capital raise of the SFP AST Swiss Real Estate

Press releases

SFP Investment Foundation is raising capital for the SFP AST Swiss Real Estate investment group in the fourth quarter of 2025. The target volume of the capital raise is around CHF 200 million.

Media release (PDF)

The new capital will be used to further expand the high-quality real estate portfolio and develop the existing portfolio. Properties worth around CHF 120 million have already been certified and were integrated into the investment group as at 1 November 2025. In addition, further properties with a total volume of over CHF 80 million are at an advanced stage of review, and development properties worth over CHF 200 million are linked, which will be integrated into the investment group upon completion.

The capital raised will be deployed to advance the existing acquisition and development pipeline in order to further expand the portfolio in line with the investment strategy. The focus of future growth remains on high-quality properties in prime locations. Around 85% of the portfolio are currently invested in properties in major cities and their surrounding areas (approx. 65% in the KGAST mixed category). The target allocation remains unchanged at 60% residential.

Subscription Period
The subscription period begins on 17 November and ends on 12 December 2025 at 12:00 noon. If the capital raise is heavily oversubscribed, the investment foundation reserves the right to reduce all subscriptions proportionally at the end of the subscription period in order to ensure equal treatment of all investors.

Details of the capital raise

Approach	«best effort»
Minimum subscription volume	Minimum 100 claims
Issue price	Decisive NAV as at the date of payment plus 1.00% dilution protection (in favour of the investment group) and 0.25% distribution commission
Payment date (value date)	14 January 2026
Security number / ISIN	43 753 274 / CH0437532747
Allocation process	If the capital raise is heavily oversubscribed, the investment foundation reserves the right to make a proportional reduction in all subscriptions at the end of the subscription period and to ensure equal treatment of all investors.
Capital call	At least 50% of the subscription volume will be called up as at 14 January 2026. Information on the call-up of any remaining capital will be provided in the course of the subscription paid-up date.
Subscription period	Start: 17 November 2025 End: 12 December 2025 (12:00 noon)

We will present further details on the capital raise in the conference call on 13 November 2025 or in a personal meeting.

The conference calls on the capital raise will take place as follows:

To arrange an appointment for a personal meeting, please contact the Client Relationship Management teams in Zurich and Lausanne or Matthias Flückiger, Portfolio Manager.

The subscription form and declaration of participation are available for download here.

Further information

The annual report and prospectus for SFP AST Swiss Real Estate can be found at www.sfp-ast.ch.