Swisscanto AST plans issue

The capital increase of the «Swisscanto AST Real Estate Responsible Switzerland» investment group is planning a capital increase. As announced by the Swisscanto Investment Foundation, the Board of Trustees has decided to issue additional entitlements amounting to a maximum of CHF 200 million for 2025, while safeguarding the subscription rights of existing investors. «The issue proceeds will be used to further develop the portfolio in line with the strategy,» it says. Depending on purchase opportunities and in addition to reinvesting the retained net income, acquisitions of core properties in the residential and commercial segments are planned. Current projects are also to be financed and the debt ratio reduced.