Schroder ImmoPLUS: Capital increase successfully concluded

 

Zurich, 9 December 2021

Schroder Investment Management (Switzerland) AG, Zurich, as fund management company (the «Fund Management Company») of Schroder ImmoPLUS (hereinafter «SRIP» or «Fund»), today announces the successful conclusion of the capital increase for the SRIP fund. Investors subscribed to new units with a total value of CHF 103 million. The capital increase was structured on a best effort basis within the framework of a public rights issue. Based on 14 existent fund units, holders were entitled to subscribe for one new unit at the subscription / issue price of CHF 144.

In total, all 712,012 new units were subscribed. 99.3% of the rights were exercised and the remaining units were placed with existing investors. Following the capital increase, a total of 10,680,193 units are now in circulation.

Roger Hennig, Head Real Estate Switzerland and fund manager of the Schroder ImmoPLUS, is very pleased with the successful outcome of the capital increase. He says, "We would like to thank our existing and new investors for their trust and continued support. We are extremely pleased with the very positive market reception." Some of the proceeds from the capital increase will be used to refinance the acquisition in 2021 of two office buildings (summarised into one property, in the annual report as at 30 September 2021) for around CHF 70 million by repaying the short-term debt capital raised for this purpose. The remaining proceeds will be used to invest in portfolio projects and to further reduce short-term debt.

The settlement date for the capital increase and the first trading day of the new units will take place on 10 December 2021. Based on the current price per unit, the fund's market capitalisation will increase to about CHF 1.7 billion.

Zürcher Kantonalbank was mandated as Sole Lead Manager for this capital increase.

Key data of the capital increase

Number of new units

712’012

Subscription / issue price

CHF 144 net per unit

Issue volume (gross)

CHF 102'529'728

Swiss securities no. / ISIN

39 571 886 / CH0395718866

Settlement date

10 December 2021

Distribution entitlement

The new units are entitled to receive distributions for the financial year 2021/2022.

 

Schroders Real Estate

Schroder ImmoPLUS was launched in September 1997 and invests in real estate in attractive and well-developed locations throughout Switzerland. Preference is given to investments in profitable commercial properties in economically prosperous regions. The investment objective is to generate attractive long-term returns for investors.

As a global, active asset manager, Schroders has managed a wide range of pan-European real estate products since 1971 and currently manages real estate assets (AuM) of around CHF 22 billion. More than 200 employees in six locations in Europe invest directly and indirectly and offer regionally and sectorally diversified funds with different risk-return profiles. In Switzerland, Schroders manages assets totalling around CHF 4 billion with its "Schroder ImmoPLUS" fund and the investment group of the Zurich Investment Foundation "Immobilien Europa Direkt". (Source: Schroders as at November 2021).

Important Information

This document does not constitute an offer to anyone, or a solicitation by anyone, to subscribe for shares of Schroder ImmoPLUS («the Fund») that is managed by Schroder Investment Management (Switzerland) AG, Central 2, CH-8001 Zurich (the «Fund Management Company») . The Fund is a contractual investment fund of the type «real estate fund» according to Swiss law. Subscriptions for shares for the Fund can only be made on the basis of the latest prospectus with integrated fund contract and the latest audited annual report (and the subsequent unaudited semi-annual report, if published). The risks connected with an investment are described in detail in the prospectus with integrated fund contract. The prospectus with integrated fund contract, the simplified prospectus as well as the annual and semi-annual report may be obtained free of charge from the Fund Management Company.

All statements, opinions and views contained in this document relating to future events or the possible future performance of the Fund merely represent the Fund Management Company’s own assessment and interpretation of information that was available to it at the relevant time. No representation is made or assurance is given that such statements, opinions and views are correct, or that the underlying information is accurate.

Further Information:

Roger Hennig, Head Real Estate Switzerland, roger.hennig@schroders.com

Tel. +41 (0) 44 250 12 91

Alice West, Senior Corporate Communications Manager Switzerland, alice.west@schrodes.com

Tel. +41 (0) 44 250 12 26

 

Note to Editors

Schroders plc

As a global asset manager, Schroders actively and responsibly manages investments for a wide range of institutions and individuals, to help them meet their financial goals and prepare for the future. In our role as active investors, the way we direct capital not only shapes the financial returns we achieve for our clients but also the type of impact we have on the world. Understanding the impact that companies can have on society and the planet is crucial in assessing their ability to deliver risk-adjusted profits.

Founded in 1804, Schroders ongoing success is built on a long-standing history of experience and expertise. We partner with our clients to construct innovative products and solutions across our five business areas, consisting of Private Assets & Alternatives, Solutions, Mutual Funds, Institutional and Wealth Management, and invest in a wide range of assets and geographies.

Schroders is responsible for almost CHF 894.3 billion* client assets, managed locally by 60 investment teams worldwide. As a global business with over 5,500 talented staff across 37 locations, we are able to stay close to our clients and understand their needs.

Schroders is listed on the London Stock Exchange and a member of the FTSE 100. It remains in part a family business, with almost half of voting shares held by the Schroder family. Independence and long-term thinking are central to our business philosophy – values reflected in our steady ownership structure.
 
At home in Switzerland for over half a century – here we have three businesses; each with its own emphasis, all with the same clear focus on meeting clients’ needs and adapting to a changing world: 

  • Schroder Investment Management (Switzerland) AG is our investment management business. It offers institutional and private investors a wide range of Swiss-domestic and foreign-domiciled funds, along with bespoke investment mandates.
  • Schroder & Co Bank Ltd provides bespoke Wealth Management services to private individuals, family offices, external asset managers and charities.
  • Schroders Capital Management (Switzerland) Ltd provides private equity investment services to institutional investors, namely pension funds and insurance companies globally, giving access to select private market segments through primary, secondary and direct/co-investments.

In Switzerland, Schroders employs over 500 people. Together they are responsible for a total of CHF 84.1 billion. **
 
Find out more about Schroders at www.schroders.ch

*as at 30 June 2021

**as at 31 December 2020

 


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