immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Kapitalerhöhung

  • Capital increase planned for three property funds

    Capital increase planned for three property funds

    Procimmo SA is planning to increase the capital of its Real Estate SICAV. Specifically, three sub-funds of the investment company with variable capital are to be increased by a total of CHF 170 million. All three capital increases are to take place after the publication of Procimmo’s annual results on 30 September.

    The fund management of the Industrial sub-fund has planned a capital increase of around 100 million francs, Procimmo announced in a press release. The Procimmo Real Estate SICAV – Industrial fund focuses on industrial, commercial and logistics properties. It currently holds gross assets of CHF 2 billion.

    According to a separate press release, the fund management of the Residential sub-fund is planning to increase its assets by 30 million francs. The Procimmo Real Estate SICAV – Residential fund currently holds gross assets of around CHF 505 million, three quarters of which are invested in properties in Lausanne and Geneva.

    For the Residential PK sub-fund, the fund management company is planning a capital increase of CHF 40 million, Procimmo announced in a third press release. The Procimmo Real Estate SICAV – Residential PK fund currently has around CHF 520 million invested mainly in residential property in French-speaking Switzerland.

    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 property sector.

  • CH Media joins property portal

    CH Media joins property portal

    The capital increase at Newhome leads to a redistribution of shares. The 19 participating cantonal banks reduce their stake to 39.25 %, Next Property AG with 536 companies in the property sector now holds 23.35 %, AXA 17.4 % and CH Media joins as a new shareholder with 20 %. The aim is to strengthen the platform as a leading regional property portal in the long term.

    Media power meets property expertise
    The investment brings together two different but complementary areas of expertise. While Newhome has many years of experience in digital marketing and platform operation, CH Media contributes its media market power and regional roots. This combination is intended in particular to further expand the visibility and relevance of the platform in the market.

    A strategic step into a growth market
    CH Media is thus further expanding its activities in the digital classifieds business. In addition to job portals, the property sector is now also being tapped into as an attractive growth area. CEO Michael Wanner sees the investment as a consistent element of the corporate strategy and emphasises the potential to expand the user base.

    Fairness and partnership
    The existing shareholders expressly welcome CH Media’s investment. It remains clear to them that Newhome should grow as a transparent and fair property portal, without selling data, without interfering in transactions and without one-sided pricing. The common goal is to sustainably expand the portal in the service of users.

    Strengthening under its own steam
    CH Media’s participation is an example of a new phase in the digital property market. Platforms that are supported by cooperation between media companies and industry players are gaining in importance. Newhome is positioning itself as a regionally rooted, independent alternative and is sending out a clear signal against monopolisation in the online property business.

  • Procimmo expands real estate fund

    Procimmo expands real estate fund

    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.

  • Freesuns receives 1 million francs

    Freesuns receives 1 million francs

    Freesuns SA, a Colombier-based start-up specialising in innovative solar tiles, has announced a capital increase of CHF 1 million. According to a press release, this includes a strategic investment by the Renens-based PHIDA Groupe. The collaboration opens up new perspectives for the future of renewable energies in French-speaking Switzerland. The family business PHIDA Groupe in Renens comprises 20 companies in four business areas: Construction, Events, Services and Investments.

    Freesuns believes in a world in which energy production is sustainable, environmentally friendly and aesthetic, according to the company’s website. For this reason, Freesuns has developed a range of special solar tiles that maximise the coverage of photovoltaic cells for every roof shape and style. To date, around 130 roofs in Switzerland have been covered in this way.

    “This capital injection will enable us to expand our business, push the boundaries of building-integrated photovoltaics and get closer to our vision: Solar roof tiles on every roof,” Deborah Learoyd, the managing director of Freesuns, is quoted as saying in an article on startupticker.ch. The start-up intends to use the capital to continue research and development in the area of software and hardware solutions and to expand its sales to new markets.

    “We are delighted to be working with Freesuns on its mission to revolutionise roofing materials with beautiful solar roof tiles. This will allow us to offer our customers the latest solar roof tile technologies and maintain our position as the market leader in the building envelope sector in French-speaking Switzerland,” said Bastien Sauve, CEO of PHIDA Groupe.

  • Meyer Burger Technology Ltd plans capital increase to support US expansion

    Meyer Burger Technology Ltd plans capital increase to support US expansion

    In response to the continued losses in Europe and the attractive opportunities in the US market, Meyer Burger has undertaken a strategic realignment. This realignment includes a capital increase to close a financing gap of CHF 450 million and to achieve a positive cash flow in the medium term. The planned rights issue is intended to help finance the completion of the plants in the USA, which will significantly increase production capacity.

    In addition to the planned rights issue, Meyer Burger has received an export credit guarantee from the German government of up to USD 95 million and is seeking further financing through an Advanced Manufacturing Production Tax Credit of up to USD 300 million. In addition, the company is pursuing the possibility of a loan guaranteed by the US Department of Energy to support the completion of its manufacturing facilities in Colorado Springs and Goodyear.

    These financing measures underscore Meyer Burger’s commitment to expanding its presence in the United States and capitalising on market opportunities there. The investment in the US manufacturing facilities is a key step in strengthening the company’s global competitiveness and securing long-term growth.

    Gunter Erfurt, CEO of Meyer Burger, emphasises the importance of the rights issue and other sources of financing for the expansion plans in the USA. Franz Richter, Chairman of the Board of Directors, emphasises that the implementation of these plans will enable Meyer Burger to leverage its technological leadership position to drive commercial success and generate investor returns.

    Meyer Burger’s strategic actions, including the planned capital increase and diversification of funding sources, are aimed at expanding production capacity in the United States and positioning the company for a profitable future. These developments are of critical importance to property management professionals as they have a direct impact on global supply chains and the availability of photovoltaic technologies.

  • Energie Ausserschwyz increases capital for district heating expansion

    Energie Ausserschwyz increases capital for district heating expansion

    In a media release,Energie Ausserschwyz announced the result of a capital increase of CHF 25.5 million completed at the end of September to expand the district heating network. The investors are the main shareholder EW Höfe AG and the 100-member Ausserschwyz Energy Cooperative.

    With the new funds, the energy provider is initially aiming for an accelerated expansion in the direction of Pfäffikon, it says. District heating pipelines are to be laid to the Ausserschwyz Cantonal School in Pfäffikon and to the centres of Lachen and Altendorf. Further expansion plans for the existing district heating network concern additional areas at the energy provider’s headquarters in Galgenen.

    On the initiative of Energie Ausserschwyz, a district heating network has been under construction in the districts of March and Höfe since 2021. From the energy centre, properties in Galgenen, Siebnen, Lachen, Altendorf and Pfäffikon are to receive their heat from renewable sources such as wood chips and biomass. In 2023, district heating infrastructure worth 20 million Swiss francs was installed. Further expansion plans call for total investments of 15 million francs in 2024.

    With the capital increase, Energie Ausserschwyz is also reacting to the inflation in construction costs, interest rates and raw material prices, the company says. “The business model of district heating means that considerable upfront investments have to be made in the expansion of the network before heat can flow and be sold. The higher the inflation, the more cost-intensive these upfront investments are

  • Helvetica plans capital increase for the Helvetica Swiss Living Fund

    Helvetica plans capital increase for the Helvetica Swiss Living Fund

    The capital increase enables investors to invest in the residential fund with one of the highest distribution yields of all Swiss residential funds. The fund management considers this an extremely attractive window of opportunity to enter the undervalued Swiss residential market.

    Investments are made in the most attractive regions
    The HSL Fund invests in easily accessible regional economic centres with a rapidly growing population and good public transport connections. According to the latest study “Transaction Market Switzerland, Outlook 2023” by JLL, 46 per cent of the investors surveyed expect the best risk/return ratio in the residential sector to be in precisely these locations. The aim is to invest for the most part at attractive yields that improve the portfolio ratios. Priority acquisition criteria are properties with low rent ratios, ideally around 30 percent, and gross yields of over 4 percent. Helvetica’s large network ensures access to the best purchase opportunities.

    Market rents will rise sharply
    Record population growth, inflation and the strong demand for housing will inevitably lead to rising rents. Accordingly, the Helvetica Swiss Living Fund is ideally positioned for an increase in market rents thanks to its low rent levels. Thanks to the natural tenant fluctuation of around 15 percent per year, the existing rents can be successively adjusted to market rents and inflation. With a rent quantile of currently 39 percent, the level of rents is in the lowest price segment and thus ensures a very high payout capacity in the long term. Swiss residential real estate is thus very crisis-resistant and offers stable cash flow and long-term value appreciation.

    One of the highest-distributing residential funds
    Helvetica has repeatedly demonstrated that it can generate sustainable growth even in a difficult market environment. The Helvetica Swiss Living Fund grew by 63 percent in the 2022 financial year and, with a real estate portfolio of over CHF 818 million and 1,850 first-class flats, is one of the largest unlisted residential funds in Switzerland. For the 2022 business year, a distribution of CHF 3.45 per unit could be made, which represents an increase of 1.5 percent compared to the previous year.

    Outlook
    For the 2023 financial year, the fund management aims to increase the distribution by a further 5 centimes compared to the previous year and is targeting CHF 3.50 per fund unit.

  • Helvetica plans capital increase

    Helvetica plans capital increase

    The subsidiary of Zurich-based Helvetica Property Group AG announced in a press release that Helvetica Property Investors are planning to increase the capital of their Helvetica Swiss Living Fund by around CHF 130 million. The new notifications are intended to be used for the acquisition of residential properties. Helvetica is currently examining the purchase of corresponding properties with a total value of almost CHF 330 million, explains the company, which specializes in real estate fund management and asset management services.

    The capital increase is to be carried out in mid-April. Conditions and further details will be communicated by Helvetica at the beginning of April, “just before the start of the subscription period”. The Helvetica Swiss Living Fund is aimed at qualified investors and is traded over the counter. Bank J. Safra Sarasin is responsible for over-the-counter trading. She will also play a leading role in the capital increase.

  • Zürichholz increases share capital

    Zürichholz increases share capital

    Zürichholz issues shares worth 3 million Swiss francs. As the wood marketer writes in a press release , the capital increase creates “a high-yield, sustainable investment opportunity” for qualified investors from the Swiss forest, wood and CO2 industries”. The company, which specializes in logs and energy wood, reached a new growth stage in 2019 after a consolidation phase. With the additional share capital, the company intends to continue growing in the forward-looking business areas of hardwood processing and biochar production.

    Since the groundbreaking ceremony in November 2021, Zürichholz has been building a new operations center in Illnau ZH for around 12 million francs, which is scheduled to go into operation at the end of 2022. This includes a pyrolysis plant for the production of biochar, a garage and workshop for the vehicle fleet, a wood chip hall to increase the capacity of the Aubrugg wood-fired power plant, offices for Zurich wood with rental capacity for third parties and a heating center for the Illnau heating network.

    The increasing demand for wood is reflected in a “very pleasing” balance sheet for the 2021 financial year. The company expects sales to jump from 15 million Swiss francs to 20 million in the medium term.

    The canton and city of Zurich are among the approximately 300 shareholders as large forest owners, which gives the share “additional stability and potential”. The issue price is CHF 1,400 per share with 2 to 1 subscription rights. Trading in subscription rights is excluded. The long-term dividend yield of nominally 5 percent should be maintained.

    Wood is becoming increasingly popular from a climate point of view. This applies to construction and industry, in energy production and as pyrolysis wood in bioenergy. Timber stocks are not only financially worthwhile. An investment in the forest and timber industry also pays off with a view to “climate management and net zero obligations of companies and the public sector,” it says. Due to its high CO2-reducing effect, wood is considered one of the leading negative emission technologies ( NET ) because it can absorb greenhouse gases from the atmosphere and thus minimize them.

  • Swiss Life Asset Managers expands real estate funds

    Swiss Life Asset Managers expands real estate funds

    Swiss Life Asset Managers has acquired two office properties in Berlin and Antwerp, an industrial property in the Stuttgart area and a residential property in Oldenburg for the real estate fund Swiss Life REF (CH) European Properties . At the same time, an office property in Oxford was sold at a profit.

    The assets held in the fund have thus currently reached a level of almost EUR 715 million. In the persistently low interest rate environment, attractive returns can still be achieved with investments in European real estate, writes Swiss Life Asset Managers. The asset manager plans to carry out another capital increase for the fund in autumn of this year.

    In the communication, Swiss Life Asset Managers also communicates its own commitment to sustainability. “Environmental, social and governance factors (ESG) are systematically included in the investment and risk management processes at Swiss Life Asset Managers,” writes the company. Last year, the Swiss Life REF (CH) European Properties achieved 72 percent in the Global Real Estate Sustainability Benchmark and thus received three stars and Green Status, Swiss Life Asset Managers informs. The company signed the United Nations Principles for Sustainable Investment back in 2018.

  • REMNEX Investment Foundation plans capital increase

    REMNEX Investment Foundation plans capital increase

    In the financial year that ended in September 2021, the REMNEX investment foundation generated an investment return of 12.5 percent, REMNEX AG informed in a press release. She attributes this success, among other things, to the acquisition of four properties “with an adequate risk/return profile”. REMNEX intends to further expand its Swiss Real Estate Commercial ECO investment group this year.

    The company intends to carry out a capital increase from February 1st to March 4th. It should bring in around 50 million francs for the expansion of the real estate portfolio. “Very attractive acquisition objects” that come into question are already available, writes REMNEX.

    REMNEX has just acquired a first new property, the company informs in a further announcement . Specifically, a commercial property was purchased in the Bernese Lyss. It shows a gross return of around 10 percent and a net return of 4.6 percent, according to the statement. No information is given there about the purchase price for the commercial property.

  • Locatee takes 7.1 million euros

    Locatee takes 7.1 million euros

    Locatee was able to secure fresh capital in the amount of 7.1 million euros in a financing round, according to a media release . Venture capitalists such as SmartFin , Verve Ventures , FYRFLY Venture Partners , Tomahawk VC , Swiss Immo Lab and Zürcher Kantonalbank have invested.

    The Zurich start-up has developed software that can be used to optimize the use of space in office buildings. The software obtains the necessary data for the utilization from existing IT infrastructures, motion sensors or WLAN networks.

    The solution is intended to help real estate managers in large companies to make fact-based decisions about their office buildings. Employees can also benefit from the software. For example, you can see where free desks can be found.

    Locatee expects the occupancy analysis market size to grow to more than $ 5 billion by 2025. This is also related to the change in the role of offices, which the COVID-19 pandemic has accelerated significantly.

  • Baloise increases capital for real estate funds

    Baloise increases capital for real estate funds

    Baloise Asset Management AG will carry out a capital increase for its Baloise Swiss Property Fund from August 10th to 19th, announced the asset management company of the Baloise Group in a message . A maximum of 1.24 million new shares with a total value of around 135 million are to be issued on a commission basis.

    The issue price including issuing commission is stated in the notification at 110.70 francs per unit. According to her, every 19 subscription rights entitle the holder to purchase five new shares. Any shares that have not been subscribed will not be issued, Baloise informs.

    The funds raised are to be used for the acquisition of a real estate portfolio consisting of 15 residential properties, one commercial property and one mixed-use property. Baloise announced the planned purchase of this property, which is spread across ten cantons, last month.

    The property portfolio with a market value of around 185.2 million francs is currently held by Basler Versicherung AG and Basler Leben AG, which are part of the Baloise Group. The Swiss financial supervisory authority has already granted the fund management company the necessary exemption from the ban on takeovers by related parties, explains Baloise. To finance the purchase, Baloise intends to raise around 50 million francs in outside capital in addition to the capital increase.

  • Swiss Nuclides secures fresh capital

    Swiss Nuclides secures fresh capital

    With the Series A financing round, Swiss Nuclides AG was able to raise CHF 2.6 million. Zurich-based Turos Capital AG and private investors were involved. This capital will be used to continue the preclinical and clinical development of the lead molecules.

    The Aargau start-up develops solutions for personalized cancer diagnostics, prostate cancer and neuroendocrine tumors. This improves the use of positron emission tomography (PET). This reduces cancer diagnosis and radiation exposure for patients to a minimum. With this method, sugar metabolism processes are examined to identify changed tissue structures. The patients take glucose which is linked to a weakly radioactive tracer molecule.

  • Novavest completes capital increase

    Novavest completes capital increase

    Novavest has completed a further capital increase from existing authorized capital, the real estate company informs in a message . Specifically, 642,619 new registered shares were subscribed at the subscription price of 42.05 francs each during the subscription rights trading between June 14 and 23. Novavest intends to use the approximately 27.0 million francs it has brought in to expand its portfolio of residential properties.

    During the capital increase, existing shareholders of Novavest Real Estate AG were granted the right to purchase one new share for every eleven registered shares already held. The offer was also met with "great interest from both institutional and private investors," writes the company. As a result, Novavest was able to expand its shareholder base.

    After the capital increase, Novavest's share capital will amount to 207.4 million francs, the announcement further explains. Just last December, Novavest raised around CHF 28.6 million in a capital increase. These funds were also used to expand the company's own real estate portfolio. At the end of May, the company then lowered the nominal value of its shares by 1.65 francs to 26.90 francs.

  • Nova Property increases capital for real estate funds

    Nova Property increases capital for real estate funds

    Nova Property has successfully completed a capital increase for its Swiss Central City Real Estate Fund, the company acting as fund management company informs in a release . During the capital increase carried out from May 25 to June 4, a total of 760,414 new shares were issued to existing shareholders and new investors at a subscription price of 108.80 francs each. A new share could be acquired for every three subscription rights.

    The capital increase was "significantly oversubscribed", explains Nova Property in the announcement. In total, it brought in new funds totaling 82.7 million francs for the Swiss Central City Real Estate Fund. Nova Property intends to use the funds to further expand the property portfolio. The fund, which is traded over the counter by Bank J. Safra Sarasin, holds real estate in central locations throughout Switzerland.

  • Novavest plans another capital increase

    Novavest plans another capital increase

    Novavest Real Estate AG would like to expand its portfolio of properties, the Zurich real estate company informs in a message . The necessary funds are to be brought in via a capital increase. Specifically, Novavest is planning to issue up to 642,619 new registered shares with a nominal value of CHF 26.90 each. The reference value was set at CHF 42.05 per share.

    In the case of the capital increase planned for the period from June 14 to 23, existing shareholders of Novavest Real Estate AG will be granted a right to purchase one new share for every eleven registered shares already held. If all subscription rights are exercised in full and the capital increase is fully exhausted, the transaction volume will be around CHF 27 million, Novavest explains in the announcement.

    Novavest had already successfully completed a capital increase last December. Investors subscribed to a total of 631,145 new registered shares at a subscription price of CHF 41.70 each with a nominal value of CHF 28.55. Novavest also used the funds raised in this capital increase of around CHF 26.3 million to expand its own real estate portfolio. At the end of May, the company then lowered the nominal value of its shares by 1.65 francs to 26.90 francs. The difference is to be paid out on June 8th.

  • Procimmo realizes capital increase

    Procimmo realizes capital increase

    Procimmo SA has raised around 70 million francs on the capital market for its real estate fund Procimmo Swiss Commercial Fund 56, the asset manager of collective real estate investments informs in a message . According to her, the capital increase was significantly oversubscribed. The company sees this as "a clear vote of confidence on the part of investors in the fund," says the press release.

    The 64 million francs that have been brought in are intended, on the one hand, to reduce the fund's debt financing ratio. On the other hand, Procimmo wants to use the new capital for the continuation of existing construction projects, is explained in the communication. The company is also planning further property acquisitions.

    The funds brought in correspond to 594,128 new fund shares, explains Procimmo. A total of 2,970,643 shares are currently held by 56 investors. As of the end of 2020, the fund consisted of a total of 33 properties in the cantons of Vaud, Geneva, Friborg, Jura, Neuchâtel and Valais. The announcement puts his total assets at CHF 487.8 million.

  • Fundamenta Real Estate AG completes capital increase

    Fundamenta Real Estate AG completes capital increase

    Fundamenta Real Estate AG placed 5,010,472 new shares on the stock exchange as part of a capital increase. The existing shareholders exercised their subscription rights. They acquired the shares at a price of CHF 18.35 each. As a result, the Zug-based real estate company took in CHF 88.5 million and was able to successfully complete its capital increase to the maximum extent, according to a media release .

    The company intends to invest the proceeds in new and modernization of existing properties and to use them to consolidate the balance sheet structure.

    The first trading day for the new shares and the delivery of the shares against payment of the subscription and placement price is scheduled for April 27, 2021.

    Zürcher Kantonalbank acted as lead manager of the transaction and Luzerner Kantonalbank acted as co-lead manager. Fundamenta Group AG was responsible for project management and the placement of the shares.

  • EIP organizes a capital increase in favor of renewable energies

    EIP organizes a capital increase in favor of renewable energies

    Energy Infrastructure Partners ( EIP ), formerly Credit Suisse Energy Infrastructure Partners, organized a capital increase of 530 million euros for BayWa re. A corresponding contract was signed on Tuesday, according to a press release from EIP and another from BayWa re. The transaction leads to a 49 percent stake in one of the world's leading developers, service providers, wholesalers and providers of solutions in the field of renewable energies. In addition, according to EIP, “considerable added value” can be expected.

    The Munich-based company claims to have a "very strong project pipeline" of photovoltaic systems and onshore wind systems with a capacity of 13 gigawatts in more than 20 countries, primarily in Europe, the USA and the Asia-Pacific region. BayWa re now wants to strategically develop into an independent electricity producer with a target capacity of initially 3 gigawatts by 2028, says the EIP announcement: “The partners intend to use additional capital over time to significantly expand their own renewable plant base . "

    "We are pleased about this unique opportunity for our investors to participate in a comprehensive global platform for renewable energies", Tim Marahrens, Co-Head of Origination & Transactions at EIP, is quoted in the press release. He underlined the importance of the transaction in view of the ongoing market consolidation in the industry.