New shares to finance construction projects and acquisitions
In November, Zurich Invest carries out a capital increase of CHF 100 million for the ZIF Real Estate Direct Switzerland fund. The funds are to be used to finance ongoing construction projects and acquisitions.
Zurich Invest Ltd is increasing the resources for the ZIF Real Estate Direct Switzerland fund. The fund management company, which belongs to Zurich Insurance Company Ltd, announced in a press release that around 100 million Swiss francs will be raised between 10 and 21 November. It intends to use the funds to finance ongoing construction projects and for selective acquisitions.
Shareholders have the right to acquire one new share for every ten existing shares. A maximum of 960,411 new shares are to be issued at an issue price of 112.16 Swiss francs. The new units are scheduled to be paid out on 28 November 2025.
The ZIF Real Estate Direct Switzerland fund currently comprises 60 properties with a total market value of CHF 1.5 billion. Residential properties, mainly in the Zurich and Lake Geneva regions, account for 86 per cent. Launched at the end of 2018, the fund was listed on the SIX Swiss Exchange in 2023.