Zurich Invest: ZIF Real Estate Switzerland launches capital increase
The issue will begin in a few days and is expected to raise CHF 100 million. The fresh funds are primarily earmarked for existing projects.
The fund management company Zurich Invest is launching the latest capital increase of its «ZIF Real Estate Direct Switzerland» fund on November 10. The subscription period ends on November 21. According to the fund management company, the volume of the issue will be around CHF 100 million. The proceeds will be used to finance ongoing construction projects and «selective acquisitions».
Current construction projects listed by the fund include a new replacement building on Zurich's Glattwiesenstrasse with a project volume of CHF 100 million, the renovation and conversion of a property on Baarerstrasse in Zug (CHF 22 million) and a renovation with an additional storey on Liebenauweg in Lucerne (CHF 8 million). (aw)
