Comunus SICAV: First listing on the stock exchange
The fund is the first new real estate fund issuer on the Zurich SIX Swiss Exchange to complete its IPO this year. A capital increase was completed shortly beforehand.
Comunus SICAV completed its IPO a few days ago. According to the SIX Swiss Exchange, Comunus is the first new real estate fund issuer on the Zurich Stock Exchange this year. Following the initial listing, the share price rose from the reference price of CHF 205.00 to CHF 250.00. The fund management company stated the net asset value as at December 31, 2024 at CHF 178.00 per unit.
Fund grows through acquisitions
Prior to the stock market listing, the SICAV carried out a capital increase of CHF 70 million. This was the second issue of the year. It was reportedly significantly oversubscribed. According to the press release, the funds are earmarked for the acquisition of seven properties in western Switzerland. In addition, development projects in the portfolio are to be financed with the new capital. According to Comunus, contributions in kind amounting to CHF 20 million were made at the same time as the capital increase. These transactions enabled the acquisition of four additional properties in French-speaking Switzerland. Once all transactions have been completed, the fund's gross assets will reach a volume of CHF 930 million. (aw)
