Baloise Swiss Property Fund completes issue

The Baloise Swiss Property Fund (BSPF) has completed its fifth capital increase with capital commitments totaling CHF 153.7 million. This was announced by the fund management company, Baloise Asset Management Ltd. The proceeds will be used to acquire eleven properties with a market value of CHF 209.6 million. The BSPF will then have a real estate portfolio of around CHF 1.3 billion. "The eleven attractive properties will further increase the earning power and, in particular, the location quality of the overall portfolio," says fund manager Jan Hagen. The properties have "interesting potential for increasing income".  (aw)