Baloise Swiss Property Fund: Planned capital increase

Basel, June 19, 2019. The Baloise Swiss Property Fund is examining the possible acquisition of a property portfolio with a market value of approximately 193.9 m Swiss francs. To fund this transaction the fund management company is planning a capital increase in autumn 2019.

The Baloise Swiss Property Fund, a contractual investment fund of the real-estate variety for qualified investors as defined under Art. 10, para. 3, 3bis and 3ter of the Swiss Federal Act on Collective Investment Schemes (CISA), was successfully launched as of 1 October 2018. As of 31 March 2019, the property portfolio consisted of 35 properties with a market value of approximately 355.4 m Swiss francs.

In order to further increase the growth of the Baloise Swiss Property Fund, the fund management company is examining the possible acquisition of 20 properties valued at 193.9 m Swiss francs by Baloise Insurance Ltd and Baloise Life Ltd. The Swiss Financial Market Supervisory Authority (FINMA) granted approval for this transaction as defined under Art. 63 of the CISA on 14.06.2019.

To fund the acquisition of this property portfolio a new issue of units is planned in autumn 2019. Purchasing the property portfolio will give investors in the Baloise Swiss Property Fund the opportunity to benefit from a broader diversification. The property portfolio consists of 20 core/core plus properties distributed throughout Switzerland. This portfolio is characterised by optimum locational quality with high income and value stability. The residential share of this property portfolio is 77%.

The exact terms of the planned capital increase will be disclosed in a timely manner.

Contact

Portrait Nicole Hess

Nicole Hess

Media spokeswoman

Phone

+41 58 285 76 09

Email

media.relations@baloise.com

Fund information

Name Baloise Swiss Property Fund
Securities no. / ISIN 41455103 / CH0414551033
Fund currency Swiss francs
Appropriation of income Dividends
Legal form Contractual investment fund
Group of investors Restricted to qualified investors within the meaning of Art. 10, para. 3, 3bis and 3ter of the CISA
Fund management company Baloise Real Estate Management Ltd, Basel
Custodian bank UBS Switzerland AG, Zurich
OTC trading Bank J. Safra Sarasin AG, Zurich
Launch date 1.10.2018

 

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