In early July 2021, the SFP Investment Foundation successfully finalised the fifth capital increase of the SFP AST Swiss Real Estate investment group. The target volume of CHF 50 to 80 million was significantly exceeded. At present, 86 pension funds are invested in this investment group. Net fixed assets will presumably stand at more than CHF 310 million at the second capital call.
- More than CHF 88 million in capital commitments
- 86 pension funds now invested in the investment group
- Assets under management amount to more than CHF 315 million
- Payments: 14 July 2021 and presumably 15 September 2021
- The investment group is always open
With this capital increase, a subscription volume of over CHF 88 million was achieved, of which CHF 48.9 million originate from newly invested pension funds. As per the payment date at 14 July 2021, CHF 50 million will be called, the remaining capital of CHF 38 million, after considering additional transactions, will be called until 30 September 2021 at the latest. The SFP AST Swiss Real Estate investment group is expected to have net fixed assets of more than CHF 310 million as per the second capital call. Five properties with a total value of just under CHF 74 million were registered during the subscription period. The loan to value is being further increased again by the impending transactions from the expanded pipeline before the call of the remaining capital.
SFP Investment Foundation (SFP AST) was established by Swiss Finance & Property Ltd in May 2017 and offers domestic and foreign real estate investment groups. The focus of the SFP AST Swiss Real Estate investment group launched in December 2018 falls on directly owned real estate investments in the core/core+ sector in Switzerland. The SFP AST investment group remains open.
Contact
Head Foundations
Portfolio Manager Real Estate Direct
SFP AST Swiss Real Estate