Swiss Prime Sites Solutions / Key word(s): Capital Increase
Swiss Prime Site Solutions to launch two bond issues in Q2
15.03.2023 / 08:00 CET/CEST
The fund managers of SPSS IFC Commercial (focus on commercial real estate) and Akara Diversity PK (focus on residential and commercial real estate) are planning their next bond issues for the second quarter of 2023. The subscription period for both funds will begin on Monday, 8 May 2023 and end on Friday, 26 May 2023. The aim is for each fund to attract capital of about CHF 50 million. The payment date for the fund units will be 9 June 2023.
Existing investors will be able to exercise their subscription rights in respect of the capital increases. Investors in SPSS IFC will benefit from a discounted issue commission by means of pre-commitments before the start of the subscription period. Investors in Akara Diversity PK will have the opportunity to participate in the fund through declarations of intent on a first come, first served basis.
Use of the capital
The capital raised will be used mainly to expand the portfolio in line with the strategy. Exclusive transaction opportunities have already been secured. At the same time, new investors will also receive the opportunity to join the investor base. This is intended to further increase the liquidity of the shares.
Detailed information and live webcasts
Further information on the bond issues will be disclosed shortly before the beginning of the subscription period. There will also be two live webcasts:
Akara Diversity PK:
Tuesday, 18 April 2023, 11:00 am (presentation on the issue and the Annual Report)
Wednesday, 10 May 2023, 11:00 am (presentation on the issue and the Half-year Report)
SPSS IFC fund profile
The Swiss Prime Site Solutions Investment Fund Commercial invests directly in good to very good locations throughout Switzerland, primarily in commercial real estate. The investment focus is on broad diversification, high cash flow stability and economically established locations. The investment strategy’s countercyclical focus on commercial properties is proving shrewd and resilient amid high inflation, thanks to rent indexation. The indexing rate is 91% effective 31 January 2023. SPSS IFC is the direct owner of the real estate; as such, taxes are pre-paid by the fund. Thus, income and assets are tax-free to investors. The fund is aimed at qualified investors.
Akara Diversity PK fund profile
Akara Diversity PK is open to tax-exempt pension funds and social insurance and compensation funds registered in Switzerland. Investment funds may also invest if their investor base consists solely of the above-mentioned tax-exempt institutions domiciled in Switzerland. The valuation of the shares is based on the NAV without premiums/discounts, which reduces volatility. Investment is made in existing properties and development and construction projects with residential or commercial usage types (50%, ±15 percentage points) throughout Switzerland. It aims to achieve a steady and attractive distribution, long-term value growth and broad diversity. Most properties are held directly.
Press release (PDF)
Zug, 15 March 2023
Bond issues planned for the Swiss Prime Site Investment Fund Commercial (SPSS IFC) and the Akara Swiss Diversity Property Fund PK (Akara Diversity PK) in second quarter, 2023
Issue volume of about CHF 50 million each
Payment date will be 9 June 2023
If you have any questions, please contact:
Fabian Linke, Head Business Development
Tel. +41 58 317 17 98, email@example.com
Andrea Schaller, Media Relations
Tel. +41 58 317 17 51, firstname.lastname@example.org
Swiss Prime Site Solutions AG
Swiss Prime Site Solutions is a group company of the listed Swiss Prime Site AG. The real estate asset manager, which has CHF 7.9 billion in assets under management and a pipeline of around CHF 1.1 billion, develops tailor-made services and real estate solutions for third-party clients. Swiss Prime Site Solutions AG has been approved as a fund manager by FINMA pursuant to Art. 2 (1)(d) in conjunction with Art. 5 (1) FinIA.
THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF SWISS PRIME SITE AG HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
End of Media Release