Procimmo realizes capital increase
Procimmo SA carried out a capital increase for its Procimmo Swiss Commercial Fund II. The raised funds of 64 million francs are intended to reduce external financing and enable new investments. The real estate fund is listed on the stock exchange on March 24th.
Procimmo SA has raised around 64 million francs on the capital market for its real estate fund Procimmo Swiss Commercial Fund II, the asset manager of collective real estate investments informs in a message . According to her, the capital increase was significantly oversubscribed. The company sees this as "a clear vote of confidence on the part of investors in the fund," says the press release.
On the one hand, the 64 million francs brought in are intended to reduce the fund's debt financing ratio. On the other hand, Procimmo wants to use the new capital for the continuation of existing construction projects, is explained in the communication. The company is also planning further property acquisitions.
The Procimmo Swiss Commercial Fund II is scheduled to be listed on the SIX Swiss Exchange on March 24th. A total of 33 properties are currently held in the fund in the cantons of Aargau, Basel-Landschaft, Bern, Freiburg, Graubünden, Lucerne, Solothurn and Zurich. The report puts the fund's assets at around 557 million francs.