Business · Companies · 9 hrs ago

Edmond de Rothschild raises CHF 60.1 million for Swiss property fund

Edmond de Rothschild raises CHF 60.1 million for Swiss property fund

Edmond de Rothschild has raised CHF 60.1 million for a Swiss property fund.

The money came from investors who subscribed to 548,730 new shares in the Real Estate SICAV - Commercial Income fund.

The fund focuses on commercial properties in Switzerland.

The new funds will pay for several properties that the asset manager has identified and secured.

These purchases are expected to push the fund’s portfolio value above CHF 500 million, a threshold the company described as critical in size.

The next step is to use the raised money to complete those property acquisitions.

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