MobiFonds raises 154 million from capital increase
MobiFonds Swiss Property has raised new money of around CHF 154 million as part of a capital increase. The fund portfolio currently comprises 20 notarized or reserved investment projects.
The proceeds of the issue will be used to secure the financing of ongoing investments and the further expansion of the real estate fund portfolio, MobiFonds announced.
The issue was carried out on a commission basis ("best effort basis") as part of a rights offering in Switzerland. No rights trading took place during the subscription period. With a subscription ratio of three to one (three subscription rights entitled to purchase one new share), the maximum number of 1.5 million shares was issued at a net issue price of CHF 103.85 per share. The new shares were paid in on December 15, 2015. 6,000,000 shares are now in circulation.
MobiFonds Swiss Property invests directly in real estate assets and real estate projects in Switzerland, preferably in economically strong regions and their agglomerations. The aim is to achieve a broadly diversified portfolio in terms of regions, types of use (with a focus on residential buildings), property sizes and tenant mix. The fund invests not only in real estate assets and building land suitable for immediate development, but also in undeveloped land that is being developed through development projects. (ah)
