Swiss Prime Site Solutions initiates second issue for funds
Swiss Prime Site Solutions is planning another issue for its real estate fund in March. It is intended to bring in around 145 million francs for the Swiss Prime Site Solutions Investment Fund Commercial. Swiss Prime Site Solutions intends to use the new capital to expand the fund.
Just under two weeks ago, Swiss Prime Site Solutions announced the successful completion of the first issue for its real estate fund. The Swiss Prime Site group company is now preparing the second issue for the Swiss Prime Site Solutions Investment Fund Commercial. It is planned for March 2022 and should bring in around 145 million francs for the fund, the real estate company informed in a corresponding message .
The capital increase will be carried out “while preserving the subscription rights of the existing shareholders”, is further explained in the announcement. The subscription ratio is set at 1:1. Investors who commit to participating before the start of the subscription period or invest a large sum benefit from a discount on the issuing commission. Swiss Prime Site Solutions intends to communicate further details shortly before the capital increase.
The capital generated during the issue is to be used for the further expansion of the real estate fund. After the completion of the first issue, the portfolio of the Swiss Prime Site Solutions Investment Fund Commercial consisted of 13 properties. The focus of the fund is on "commercial real estate in economically good and established locations", explains Swiss Prime Site Solutions.