immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Procimmo SA

  • Immo56 increases investment returns

    Immo56 increases investment returns

    According to a statement from Procimmo SA , the Immo56 fund managed by the asset manager of collective real estate investments achieved a good result in the financial year ended March 31. Specifically, the return on investment has risen from 5.78 to 7.54 percent year-on-year, it says there. The net asset value per unit rose from CHF 148.30 to CHF 154.00 over the same period.

    In the year under review, the fund generated total income of CHF 22.91 million. This was offset by expenses totaling 9.98 million francs. The overall success has increased by 51 percent year-on-year to 23.59 million francs, writes Procimmo.

    The fund's rental income in the year under review was CHF 20.20 million, up 5.3 percent on the previous year. At the same time, the rent default rate was reduced from 3.49 to 3.15 percent. The fund's EBIT margin improved from 65.82 to 68.81 percent year-on-year, explains Procimmo. The total net fund assets are stated in the notification at CHF 358.8 million as of the end of March 2021.

  • 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.

  • Procimmo realizes capital increase

    Procimmo realizes capital increase

    Procimmo SA has raised around 64 million francs on the capital market for its real estate fund Procimmo Swiss Commercial Fund II, 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.

    On the one hand, the 64 million francs brought in are intended 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 Procimmo Swiss Commercial Fund II is scheduled to be listed on the SIX Swiss Exchange on March 24th. A total of 33 properties are currently held in the fund in the cantons of Aargau, Basel-Landschaft, Bern, Freiburg, Graubünden, Lucerne, Solothurn and Zurich. The report puts the fund's assets at around 557 million francs.

  • 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.