Capital raising for SFP AST Swiss Real Estate
The SFP AST Swiss Real Estate investment group of SFP Investment Foundation is conducting its fourth capital raising. The target volume is CHF 50 to 70 million.
The capital raising is scheduled to take place from October 20 to November 20, 2020, SFP Investment Foundation announces. The transaction is open to existing and new investors; a minimum of 100 entitlements can be acquired at an indicative issue price of CHF 1,075.25.
The new funds are to be used for the expansion of the portfolio, with the goal of a long-term division of use of 60% Residential and 40% Commercial, the SFP Investment Foundation says. Various residential properties have already been tied up or are in an "advanced acquisition process," according to SFP Anlagestiftung.
Currently, the portfolio is reported to have a market value of 199.3 million; it consists of existing properties in core locations and with good property qualities. Annual target rental income is 8.1 million, the vacancy rate is 1.8% and the WAULT is 6.6 years. (ah)
