Purchase of a property in Vernier – examination of a capital increase
Press releases
- Purchase of a property in Vernier GE at a market value of CHF 17.28 million
- Complete renovation in Bioggio, re-opening of shops on the ground floor
- Examination of a capital increase in the amount of CHF 50.0 million
The portfolio value of the SF Retail Properties Fund rose to CHF 735.0 million due to the purchase of a property in Vernier. The renovation project in Bioggio was completed after a construction period of 18 months and investments of CHF 8.0 million. The fund manager is considering a capital increase for the SF Retail Properties Fund in the fourth quarter of 2019.
In October 2019, the SF Retail Properties Fund acquired the Center l’Avanchet property in the Geneva municipality of Vernier for a purchase price of CHF 16.55 million. In addition to the anchor tenant Aldi, the property offers visitors a pharmacy, a restaurant and the Vernier library. The portfolio now comprises 86 properties in 19 cantons.