SF Retail Properties Fund plans portfolio purchase

The fund management company of the SF Retail Properties Fund has announced that it is considering a capital increase of around CHF 120 million. The issue is expected to take place in the fourth quarter and will primarily raise capital for the further expansion of the portfolio. «In particular, the plan is to acquire a fully let portfolio with a total of 17 properties throughout Switzerland,» writes the Swiss Finance & Property Group in a press release.

In addition, a single property in Weinfelden (TG) has already been notarized. It is to be integrated into the portfolio as of October 31. The property has a rental area of around 6,300 square meters and a target rental income of CHF 1.6 million. In addition to expanding the portfolio, the issue proceeds will also be used to repay interest-bearing debt and to develop the property portfolio. (aw)