Procimmo SICAV launches issue for "Industrial" sub-fund
As part of the capital increase, the fund is to receive fresh capital amounting to CHF 145 million.
The fund management company Procimmo SA has announced the details of the planned capital increase for the "Industrial" sub-fund of its real estate fund Procimmo Real Estate Sicav. According to the information provided, the subscription period for the issue, which will raise CHF 145 million, will run from October 13 to 24. The payment of the new shares is scheduled for October 31. The subscription ratio has been set at 'ten existing shares for one new share.
"The funds raised through this capital increase will make it possible to take advantage of investment opportunities on the real estate market and to finance ongoing investment projects," Procimmo announced.
With gross assets of around CHF 2 billion, the "Industrial" sub-fund of Procimmo Real Estate SICAV is the largest real estate fund in Switzerland listed on the SIX Swiss Exchange, specializing in the industrial, commercial and logistics sectors.
