Capital raise of the SFP AST Swiss Real Estate investment group
SFP Investment Foundation will carry out a capital raise with a target volume of CHF 75 million for the SFP AST Swiss Real Estate investment group from 21 February to 21 March 2023.
- Subscription period: 21 February 2023 to 21 March 2023
- Target volume: CHF 75 million
- Subscription paid-up date: 12 April 2023
The additional capital will be used for the further expansion of the portfolio. Four properties worth CHF 114.1 million have already been notarised or secured. Borrowed capital is also available for the ongoing, targeted expansion of the portfolio. In the interests of diversification, priority is given to properties in attractive locations with good cash flow returns. The properties to be acquired will improve the yield of the entire portfolio.
Investors in SFP AST Swiss Real Estate receive access to a profitable portfolio of directly held real estate comprising 60% residential properties and 40% commercial properties. As at the end of 2022, the portfolio comprised 33 properties in Switzerland with a market value of around CHF 536 million.
The capital raise is open to existing and new investors who are permitted by Swiss law and the SFP Investment Foundation's articles of association to invest in tax-exempt investment foundations.
Details of the capital raise
Volume | Target volume: CHF 75 million |
Subscription volume | Minimum of 100 units for full allocation |
Issue price | Applicable NAV as at the subscription paid-up date, plus 1.00% dilution hedge |
Subscription paid-up date | 12 April 2023 |
Security number / ISIN | 43 753 274 / CH0437532747 |
Allocation process | Subscriptions for up to 500 units receive full allocation. If the issue is oversubscribed, |
Subscription period | Start: 21 February 2023 |
For more details on the capital raise, please watch the recording of the live broadcast from Tuesday, 21 February 2023, in the SFP Video Corner: SFP Video Corner - Swiss Finance & Property.
Further information
More details about the investment universe, investment guidelines and framework conditions can be found in the relevant prospectus at www.sfp-ast.ch.
Contact
Portfolio Manager Real Estate Direct
SFP AST Swiss Real Estate