Procimmo expands real estate fund
Procimmo plans a capital increase to expand the Residential Lemanic Fund. With investments in Lausanne and Geneva, the company aims for further growth while maintaining the quality of its portfolio.
Procimmo is planning to acquire several properties for its Residential Lemanic Fund. The Renens-based company, which specializes in the development and management of real estate investment products, therefore intends to carry out a capital increase of between CHF 30 million and CHF 40 million at the end of September. The exact amount and the subscription period will be communicated at a later date, Procimmo announced in a press release.
The Procimmo Residential Lemanic Fund currently has gross assets of around 510 million francs. Three quarters of the capital is invested in real estate in Lausanne and Geneva. Procimmo aims to grow the fund “while preserving its intrinsic qualities”, the company writes.
Founded in 2007, Procimmo SA operates as a real estate asset manager at its headquarters in Renens as well as in Zurich and Geneva. The company has been part of Procimmo Group AG since 2017. The Zug-based group of companies, which is listed on the BX Swiss, offers investment and services in the real estate sector.