Edmond de Rothschild: «Erres-CI» plans next issue
The «Commercial Income» fund launched in July 2024 plans to launch its next capital increase in February, raising a good CHF 70 million.
According to the fund manager, the real estate fund Edmond de Rothschild Real Estate SICAV - Commercial Income has carried out transactions with an investment volume of 285 million since its launch in July 2024. The average gross yield was 5.4%, according to Edmond de Rothschild REIM (Suisse). The capital from the first three capital raisings has been fully invested, and the next issue in March 2026 is expected to raise around CHF 71 million. The subscription ratio is two new shares for five existing shares.
The subscription period runs from February 23 to March 6. «The proceeds from the issue will be used to further develop the portfolio by acquiring new commercial assets in line with the strategy and with the aim of distributing a dividend of CHF 4.50/share for a full year,» Edmond de Rothschild announced.
