Baar/Crissier, 26 September 2019: The Patrimonium Swiss Real Estate Fund has now successfully completed the capital increase that took place from 4 to 18 September 2019, raising the maximum amount of CHF 68,747,845 through a public offering.
In total, 512,814 new shares were issued at a price of CHF 136.74 per share, with nineteen subscription rights entitling holders to purchase two new shares. The subscription rate was 100%, and the new shares were released on 27 September 2019. The number of outstanding shares now stands at 5,384,560. The capital increase was conducted on a best-efforts basis through a public offering. The subscription rights were traded on the SIX Swiss Exchange from 4 to 16 September 2019.
The proceeds from the funding round will be used to repay third-party financing, to fund ongoing projects and to expand the Fund’s portfolio.
The Patrimonium Swiss Real Estate Fund invests in residential and mixed properties in the Lake Geneva region and in the Fribourg, Bern, Basel and Zug areas, focusing on the moderate-to-low-rent market segment. The Fund offers private and institutional investors a diversified real estate portfolio with attractive growth potential.