immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Procimmo

  • 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.

  • Procimmo II goes public

    Procimmo II goes public

    The Procimmo SA is its Swiss Commercial Fund II (Procimmo II) in late March on the SIX Swiss Exchange shares listed, the asset manager of collective real estate investments informed in a release . Procimmo II was set up in 2014 for a limited group of investors. Since then, the fund, which mainly holds commercial, industrial and logistics properties, has achieved an average return of 7.4 percent, Procimmo reports.

    In addition, the fund has paid an annual dividend of at least 5 francs per unit over 100 francs, is further explained in the announcement. The fund currently comprises 33 properties in German-speaking Switzerland. The assets invested in Procimmo II amounted to CHF 563.4 million as of September 30th. On the corresponding reporting date in the previous year, it was 470.3 million francs.

    Before going public, Procimmo intends to carry out a further capital increase of around 60 million francs, the company informs in the announcement. The funds brought in are to be used to reduce the debt financing quota and to continue existing construction projects. In addition, Procimmo is examining additional investments in economically active regions outside the city centers.