Cronos launches its second real estate fund
The "Cronos Immo Fund 2" raised CHF 30 million at the start and purchased six properties.
Cronos Finance SA, in its capacity as fund management company, announces the launch of the new investment vehicle "Cronos Immo Fund 2". As part of the first financing round, shares worth CHF 30 million were raised, the Pully-based company announced. At the same time, the fund has signed the acquisition of six properties - including two through contributions in kind in the cantons of Vaud and Fribourg - with a total value of CHF 30 million. Further properties with a volume of around CHF 20 million are currently under review. The corresponding transactions are reportedly close to completion. A portfolio of CHF 100 million is to be built up within the first twelve months.
Cronos announced the fund in June, with an initial portfolio of CHF 50 to 75 million, as it said at the time (IB reported).
