SFP Investment Foundation: Capital raise of the SFP AST Swiss Real Estate investment group
Between 27 May and 21 June 2024, the SFP Investment Foundation is raising capital to develop the portfolio of the SFP AST Swiss Real Estate investment group in line with strategy.
- Capital raising exercise to expand portfolio in line with strategy
- Target volume: CHF 40 to 60 million
- Subscription period: 27 May to 21 June 2024
- Payment date: 17 July 2024
The new funds will be used to seize new opportunities for acquisition and develop the secured pipeline, while maintaining the strategic borrowing ratio at around 20%.
Four properties with a volume of more than CHF 90 million have been secured to date. These will be integrated into the portfolio over the coming months, with the last one, a residential development in Troinex GE, scheduled for integration in November 2024.
The current borrowing ratio is moderate at 16%, and all properties can be acquired without raising any new capital. The new funds will be used to finance other potential acquisitions and maintain the strategic borrowing ratio. The target allocation remains the same at 60% residential.
The capital raising exercise is open to existing and new investors who are permitted by Swiss law and the SFP Investment Foundation's articles of association to invest in tax-exempt investment foundations.
Details of the capital raise
| Objective | Target volume CHF 40-60 million |
| Subscription volume | Minimum of 100 units for full allocation |
| Issue price | Applicable NAV as at the payment date, plus 1.00% dilution hedge (to be credited to the investment group) and 0.25% sales commission |
| Payment date (value date) | 17 July 2024 |
| Security number / ISIN | 43 753 274 / CH0437532747 |
| Allocation process | All subscriptions will receive full allotment up to a maximum volume of 100 million. |
| Subscription period | Start: 27 May 2024 |
More details about the capital raising exercise will be provided during the conference call on 27 May 2024 or in a personal discussion:
The subscription form and the declaration of participation are available for download here.
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