Truststone: SICAV Kicks Off Second Phase of Growth
Following the completion of its most recent capital increase of 34.5 million Swiss francs, the fund is setting new goals.
Truststone Real Estate Sicav announces the completion of its third capital increase since Dominicé took over management. The total amount is 35.4 million CH; all shares were subscribed.
«This transaction marks the completion of the fund’s first growth phase, which was focused on rapidly establishing a solid earnings base,» writes the fund management. Three properties were acquired in the canton of Vaud. These include commercial spaces, mixed-use properties, and a residential holding.
According to Dominicé, the second phase of growth is focused on strengthening the residential and mixed-use components of the portfolio. The target allocation is 40% residential and 60% commercial. The completion of development projects in Pully and Renens, as well as projects with a longer time horizon, are expected to contribute to this.
