Solvalor 61 seeks fresh money
The fund management company of the Solvalor 61 real estate fund intends to carry out a capital increase of up to CHF 120 million at the end of April/beginning of May 2021.
According to the fund management, the fresh money will be used to make further investments in the quality of the real estate portfolio and in various new residential projects.
Solvalor 61 invests in residential properties in good locations in the urban centers of western Switzerland, primarily in the cities of Lausanne and Geneva and in the Lake Geneva region. The plan is to fully exploit the densification potential of the existing properties. In addition, the portfolio is to be economically rejuvenated through sustainable renovations and the acquisition of residential properties.
In total, the fund's portfolio consists of 110 residential properties; its total assets amount to over 1.2 billion (December 31, 2020). Solvalor 61 achieved a half-year net income of 12.5 million (+2.1%), while half-yearly rental income increased by 3.7% compared to December 31, 2019. (ah)
