The capital increase of the real estate fund SF Retail Properties Fund was successfully completed. The subscription rights were fully exercised. The issue will result in new funds of the maximum amount of gross CHF 40.9 million.
The subscription period lasted from 7 March 2024 to 15 March 2024 and was carried out by means of a rights offer. The limited trading volume of subscription rights confirms the broad support of existing investors for the fund strategy and the utilisation of the additional capital. All 405 000 new units are issued which increases the number of units in circulation to 6 480 000. This generated new resources of gross CHF 40.9 million for the SF Retail Properties Fund. The payment of the new units will take place on 22 March 2024.
The new capital will be used to further expand the real estate portfolio, to exploit the potential of the investment properties and repay interest-bearing loans.
Contact
Head Direct Funds & Foundation
Portfolio Manager Real Estate Direct
SF Retail Properties Fund
Head Client Relationship Management & Marketing