The pipeline presented in connection with the capital increase has already been almost entirely realised. Nine of the twelve properties presented, with a volume of nearly CHF 120.0 million, have been successfully registered. The portfolio now comprises 24 properties with a total value of over CHF 340.0 million1.
- Nine properties with a volume of almost CHF 120.0 million registered
- Portfolio value over CHF 340.0 million
- Remaining capital called as at 15 September 2021
Of the subscribed new funds amounting to CHF 88.00 million from the capital increase, CHF 50.0 million had been called by mid-July. The successful realisation of the pipeline means that the remaining capital will now also be called as of 15 September 2021. The capital call will reduce the proportion of debt capital from its current level of 16.6% to around 5.2%. The next transactions will cause it to rise above 20% again. The share of residential properties was increased in line with the strategy and currently stands at around 51% in terms of net rent, or just under 60% with respect to market value at the strategic allocation stage.
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.
1 The property at Wohlhauserstrasse 19/21 in Affoltern a. A. is registered, with occupancy planned for autumn
Contact
Head Foundations
Portfolio Manager Real Estate Direct
SFP AST Swiss Real Estate