Successful third capital increase of the SFP AST Swiss Real Estate investment group
In the middle of May 2020, the SFP Investment Foundation successfully finalised the third capital increase of the SFP AST Swiss Real Estate investment group. Despite a very difficult market situation, the target volume of CHF 50 million was nearly reached. During the subscription period, 19 Swiss pension funds made a total capital commitment of CHF 38.2 million. The assets under management now amount to CHF 156.7 million.
At the second annual investors' meeting, the 2019 annual report was adopted, and all proposals of the Foundation Board were approved by an overwhelming majority.
SFP Investment Foundation (SFP AST) was established by Swiss Finance & Property AG 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 direct core/core+ real estate investments in Switzerland. During the most recent capital increase, the subscription volume reached CHF 38.2 million. This capital increase attracted 11 new investors and increased the investor base to a total of 61 investors. The SFP AST Swiss Real Estate investment group thus now has a volume of CHF 156.7 million. Through the acquisition of four properties in accordance with the announced pipeline, CHF 32.1 million of the new money has already been invested.
At the second annual investors' meeting, the 2019 annual report was adopted, and all proposals of the Foundation Board were approved by an overwhelming majority. The annual report can be found at www.sfp-ast.ch.
More details about the investment universe, investment guidelines and framework conditions can be found in the prospectus at www.sfp-ast.ch. The investment group is always open.