Successful capital increase of the Baloise Swiss Property Fund

Baloise Asset Management AG has announced the completion of the capital increase of its fund, the Baloise Swiss Property Fund, with CHF 127 million raised. This fundraising will enable the acquisition of six new properties, thus strengthening the profitability and quality of the real estate portfolio, which is mainly residential and well diversified across Switzerland.

The capital commitments have been collected by August 27, 2024. The release date of the new shares is set for September 5, 2024. Fund manager Jan Hagen expressed his satisfaction with the success of this transaction, which will improve the profitability of the portfolio.

Established in 2018 and listed on the SIX Swiss Exchange since 2021, the Baloise Swiss Property Fund primarily targets investments that generate stable income in residential and commercial real estate in Switzerland. As of March 31, 2024, the portfolio comprised 78 properties worth CHF 966.6 million.