SF Retail Properties completes portfolio transaction
The fund used the proceeds from a capital increase to finalize the acquisition of 17 properties shortly before the end of the year.
At the end of December, Swiss Finance & Property Funds AG announced the completion of the announced acquisitions for the SF Retail Properties Fund. With capital raised in November, the acquisition of 17 properties in several locations in Switzerland has been completed. The economic takeover of the portfolio is retroactive to August 1. In addition, the single property in Weinfelden (TG) with around 6,300 square meters of rental space and a target rental income of CHF 1.6 million was integrated into the portfolio as of 31 October.
The newly acquired 17 properties generate a total annual target rental income of around CHF 5.7 million. According to the fund management, one of the effects of the portfolio growth is a reduction in the vacancy rate «thanks to structurally strong locations and an active letting strategy». The fund's market position will also be strengthened.
