Pension funds focus on sustainable living
Vertina Investment Foundation has successfully completed a capital increase. Its Vertina Wohnen investment group exceeded its target volume of CHF 50 million, raising CHF 74.3 million. The proceeds from the issue will be used to finance and realise two residential projects in Zurich.
Vertina Investment Foundation, based in Baden, has received subscriptions totalling CHF 74.3 million for its Vertina Wohnen investment group. The target volume was CHF 50 million. This investment group focuses on the development and realisation of sustainable residential properties in Switzerland. Its residential share currently stands at 99 per cent.
According to a press release, the proceeds from the issue will be an important component in financing and realising two residential projects in Zurich and Kloten (ZH) and in acquiring further properties. “This combination strengthens the portfolio base, expands investment opportunities and supports the long-term growth of the investment foundation,” the press release states.
In the wake of this successful capital raising, the investor base has grown to 47 pension funds. “The high demand confirms our long-term value creation strategy and our active, holistic management approach,” said Marco Uehlinger, Chairman of the Foundation Board. “We are convinced that this will create sustainable added value for our investors.”