Swiss Prime Sites Solutions
/ Key word(s): Acquisition/Capital Increase
Press Release Despite a challenging market environment, Swiss Prime Site Solutions Investment Fund Commercial (SPSS IFC) managed to raise CHF 23.1 million in shareholders’ equity with its third issue and a contribution in kind. The fund has raised more than CHF 92.3 million in additional capital in the financial year 2022. «With a market value of around CHF 440 million, SPSS IFC has experienced strong portfolio growth since its launch 12 months ago», says Maximilian Hoffmann, CIO SPSS IFC. The accumulated shareholders’ equity, including the contribution in kind of a cumulative CHF 236.5 million, corresponds to 2 342 755 fund shares issued. At the same time, the investor base expanded to include over 100 investors. The issue proceeds will be used to further expand the high-quality property portfolio. In a partial contribution in kind made by the VF Corporation group, SPSS IFC is acquiring and leasing back two properties in Stabio, an attractive location in «Ticino Fashion Valley». These modern, multi-purpose research & development buildings are part of the EMEA regional headquarters (VF Campus) of VF Corporation, one of the world’s largest active-lifestyle companies in the apparel, footwear, and accessories industry. The deal is the subject of a triple-net green lease contract1 with a term of 15 years and extension options. SPSS IFC thus gains both a new investor and a long-term tenant. «We are happy to have concluded the agreement with SPSS IFC for the leaseback of VF Campus’ main buildings. This will allow us to finance our strategic business projects and continue to invest in the development of our Headquarter in Stabio, Ticino, as we have planned to expand it with the construction of a new building in the next couple of years», says Martino Scabbia Guerrini, EVP, President EMEA, APAC & Emerging Brands. «I am grateful to SPSS IFC for believing in our vision and pleased to have signed this long-term partnership.» Fund profile The fund documentation is available at www.swissfunddata.ch and www.spssolutions.swiss. [1] A rental agreement in which the tenant is responsible for all operating, management and maintenance costs, including structural issues Zug, 16 December 2022
If you have any questions, please contact: Swiss Prime Site Solutions AG THIS PRESS RELEASE IS NOT BEING ISSUED IN THE UNITED STATES OF AMERICA AND SHOULD NOT BE DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL CIRCULATION IN THE UNITED STATES. THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO SUBSCRIBE FOR OR PURCHASE ANY SECURITIES. IN ADDITION, THE SECURITIES OF SWISS PRIME SITE AG HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES LAWS AND MAY NOT BE OFFERED, SOLD OR DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT FROM REGISTRATION UNDER OR AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS.
End of Media Release |
Language: | English |
Company: | Swiss Prime Sites Solutions |
Prime Tower, Hardstrasse 201 | |
8005 Zürich | |
Switzerland | |
ISIN: | CH1139099068 |
Valor: | 11390990 |
EQS News ID: | 1514789 |
End of News | EQS News Service |
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1514789 16.12.2022 CET/CEST
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