Sustainable Real Estate Switzerland seeks fresh capital
Sustainable Real Estate Switzerland intends to carry out a capital increase with a volume of around CHF 56 million in March.
A total of 545,000 new shares are to be issued at a subscription ratio of 4:1. The subscription period is set for March 16 to April 16, 2020; the payment is to take place on April 22.
The fund currently has various properties in the "investment pipeline". For example, a purchase agreement for an existing property in Hedingen (ZH) with 36 apartments has been signed, Sustainable Real Estate AG reports.
In February, construction started on a commercial building in Lutry (VD), where rental agreements are already in place with Migros and two office tenants. In Thônex (GE), an apartment building with 19 apartments is currently under construction. In addition, the fund is in exclusive contract negotiations for a new construction project - an apartment building with 24 apartments - in the St. Gallen area.
A new construction project in Zofingen (AG) is also scheduled for completion this month. It comprises two buildings with a total of 29 apartments, all of which are already rented. (ah)
