Von Graffenried: GR Switzerland launches capital increase
Up to CHF 60 million is to be raised for the real estate fund through the issue by May 23.
The GR Real Estate Switzerland real estate fund of the Von Graffenried bank in Berne is planning its fifth capital increase. The issue volume is expected to be between CHF 40 and 60 million, with the subscription period beginning on May 5 and running until the 23rd of the month. The fund management company has set June 3 as the payment date.
The issue proceeds will be used to repay loans and acquire existing properties, according to a press release. Funds will also be invested in renovation and new construction projects.
The fund focuses predominantly on residential use and has a regional focus on Espace Mittelland. The distribution yield is approx. 2.5 %. (aw)
