Vontobel Sustainable Real Estate Switzerland to conduct its first capital increase

News 1/16/2018
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The first capital increase by Vontobel Sustainable Real Estate Switzerland begins on January 16, 2018. The proceeds of about CHF 50 million will be used to expand its high-quality portfolio even further. In particular, the fund intends to finance already authenticated purchases of residential properties in the Cantons of Zurich, Vaud and Basel-Landschaft.

Vontobel Sustainable Real Estate Switzerland invests primarily in residential real estate located throughout Switzerland. We are one of the few Swiss providers to evaluate every property from a sustainability perspective. In doing so, we assess the property in terms of energy and the environment, comfort and well-being, quality of use and flexibility, and mobility and surroundings. The capital increase will improve the portfolio’s diversification and enable additional acquisitions in the future.

The issue price is CHF 99.20 per share. The subscription period extends from January 16, 2018 until March 1, 2018 at 5 pm (CET). The allocation will be announced on March 5, 2018, and payment in full must be made by March 12, 2018.

The issue price is based on appraisals of the fund’s properties by independent appraisers. The issue price also takes into account the income accrued to the fund since the end of the previous financial year, and the ancillary costs incurred when acquiring properties. In addition, an issue commission of between 0.45% and 0.75% of the allocated subscription volume will be paid to the fund management, the asset manager and distributors.

With the issue of up to 505,250 shares, the number of shares in circulation will increase from 1,010,500 to a maximum of 1,515,750. The issue will be carried out on commission (“best effort basis”) as part of a rights offering in Switzerland. Each existing share is assigned one subscription right. Two subscription rights entitle the holder to obtain one new share in exchange for payment of the issue price in cash. There is no official trading in subscription rights. The subscription rights are transferable. Subscription rights not exercised during the subscription period will expire worthless and without compensation. The fund management reserves the right to acquire any shares not subscribed after the subscription period has expired and subsequently to place them free of charge in the market.

The fund is available only to qualified investors as defined in Art. 10 para. 3 let. a to d, 3bis or 3ter of the Swiss Collective Investment Schemes Act (CISA) who are not “persons resident abroad” within the meaning set out in the Swiss Federal Act on the Acquisition of Real Estate by Persons Resident Abroad (BewG).

The issue information on the capital increase, the latest annual report, the investment regulations and the Articles of Association are available at www.swissfunddata.ch, or can be obtained directly from Vontobel Asset Management AG.

Vontobel Asset Management
Vontobel Asset Management is an active asset manager with global reach and a multi-boutique approach. Each of our boutiques draws on specialized investment talent, a strong performance culture and robust risk management. We deliver leading-edge solutions for both institutional and private clients. Our commitment to active management empowers us to invest on the basis of our convictions. We deliver value through our diverse and highly specialized teams. Employing around 400 professionals worldwide – including 160 investment specialists – we operate across 13 locations including Switzerland, Europe and the US and create strategies and solutions covering equities, fixed income, multi-asset and alternative investments. The goal of achieving excellent and repeatable performance has been fundamental to our approach since 1988. A strong and stable shareholder structure guarantees our entrepreneurial independence and protects the long-term mindset that guides our decision-making.