Akara: Capital increase oversubscribed
The real estate fund reports a significant oversubscription of the approximately CHF 100 million issue and immediately announces the next capital increase.
The 14th capital increase of the real estate fund Akara Swiss Diversity Property Fund PK was oversubscribed. "In addition to the strong participation of existing investors, a significant number of new investors were also acquired," writes the fund management company SPS Solutions in a press release. The target volume of CHF 101 million was clearly exceeded, according to the statement.
As not all subscriptions could be considered, the fund management company is launching the next capital increase at short notice. There are "attractive, in some cases exclusive purchase opportunities", it says.
Next issue worth up to 80 million
The subscription period for the additional capital increase runs from June 11 to 20. The aim is to raise capital in the amount of CHF 60 to 80 million. Acquisitions of around CHF 100 million are being examined, according to the fund management company. In addition, ongoing projects from the development pipeline will be financed. These are expected to generate additional rental income of around CHF 19 million. The debt ratio should also be further reduced where possible. (aw)
