The SFP Investment Foundation successfully concluded another capital raise for the SFP AST Swiss Real Estate investment group and received subscriptions from current and new investors. The investment group now has 119 investors.
- Capital raise of CHF 38.5 million successfully completed
- Roughly 90% of investors selected the reinvestment option, adding another CHF 13.0 million to equity
- The units issued in the capital raise will be paid up on 17 July 2024
The result of the option to choose a cash distribution for financial year 2023 or reinvest also brought good news. Roughly 90% of investors decided to reinvest.
The new capital will be used to invest in the pipeline presented during the capital raise. In the first half of 2024 four properties with a market value of CHF 87.1 million were already successfully integrated into the investment group. As at 30 June 2024 the market value of the portfolio stood at CHF 762.4 million. Further properties in the pipeline with a market value of CHF 70.0 million on acquisition will be added in the second half of the year. The borrowing ratio as at 30 June 2024 was 19.9%.
Further Information
The annual report and the prospectuses for the different investment groups are available at SFP AST Swiss Real Estate.
Contact
Managing Director
SFP Investment Foundation
Head Shared Services
Head Client Relationship Management & Marketing
Portfolio Manager Real Estate Direct
SFP AST Swiss Real Estate
Member of Senior Management