Swiss Prime Site Solutions completes initial fund offering
Swiss Prime Site Solutions has successfully completed the issue of its first real estate fund. The Investment Fund Commercial brought in around CHF 144 million in equity for the subsidiary of Swiss Prime Site. They were invested in real estate.
The subscription period for the Swiss Prime Site Solutions Investment Fund Commercial began on November 1, 2021. By the deadline of December 10, 2021, the real estate fund had brought in a total of CHF 144.2 million, Swiss Prime Site Solutions announced in a statement . They are spread over a total of 1,441,705 fund shares.
The Swiss Prime Site group company uses the new equity to build up a real estate portfolio. The proceeds from the issue have already flowed completely into the purchase of real estate with a total value of 220 million, according to the statement. The first real estate fund from Swiss Prime Site Solutions has 13 properties to start with. The focus of the fund is on "commercial real estate in economically good and established locations", explains Swiss Prime Site Solutions.
