- 15th Akara Diversity PK capital increase to expand the portfolio
- Subscription ratio of 25:1 with a maximum of 74’307 new units and an issue volume of around CHF 85 million
- Subscription period: 11 June to 20 June 2025 with payment date of 27 June 2025
The mixed real estate fund (focus: residential and commercial properties) is among the top NAV-based, tax-exempt real estate investment products in Switzerland. Due to high demand and the first come, first served allocation principle, not all subscriptions could be considered for the 14th capital increase. To respond promptly to this demand and take advantage of attractive, in some cases exclusive, acquisition opportunities in the pipeline, the fund management has scheduled a further capital increase for the near future. The subscription period for the 15th capital increase will run from Wednesday, 11 June to Friday, 20 June 2025 at 12:00 noon. The payment date for the fund units will be Friday, 27 June 2025.
15th capital increase for Akara Diversity PK
The 15th capital increase for Akara Diversity PK aims to secure a maximum issuing volume of 74’307 new units. Twenty-five (25) existing units entitle the bearer to one (1) new unit at the issue price on the payment date of CHF 1'148.00 each (including ancillary costs and issue commission). The issue will be carried out on a best-effort basis under a subscription offer to investors who are eligible under the terms of the fund contract. Unsubscribed units will not be issued.
Existing investors can exercise their subscription rights in respect of the capital increase. If any subscription rights remain unexercised, new investors will have the opportunity to participate in the fund.
Use of the capital
The capital raised will be used to expand the portfolio in line with the strategy. Exclusive transaction opportunities worth around CHF 100 million are currently being assessed. In addition, ongoing projects from the development pipeline are being financed. Additional rental income of around CHF 19 million is expected from these construction and development projects over the next four years. Finally, the LTV ratio will also be further reduced if possible.
Akara Diversity PK fund profile
Akara Diversity PK, which comprises total fund assets of about CHF 3.0 bn, is open to tax-exempt pension funds and social insurance and compensation funds registered in Switzerland. Investment funds may also invest if their investor base consists solely of the above-mentioned tax-exempt institutions domiciled in Switzerland. The valuation of the shares is based on the NAV without premiums/discounts, which reduces volatility. Investment is made in existing properties and development and construction projects with residential or commercial usage types (50%, ±15 percentage points) throughout Switzerland. It aims to achieve a steady and attractive distribution, long-term value growth and broad diversity. Most properties are held directly.
The fund documentation is available at www.swissfunddata.ch and www.spssolutions.swiss.
VALOR / ISIN: 33 349 032 / CH033 349 032 1
Akara Diversity PK: summary of the issue details
Issuing volume | Maximum of 74’307 units | ||||||||||
Subscription period | 11 June to 20 June 2025, 12:00 noon (CET) | ||||||||||
Issue price per unit | CHF 1'148.00 | ||||||||||
Calculation of the issue price | In accordance with section 13.3 of the Fund Contract, the issue price of the units (rounded to one Swiss franc) is based on the net asset value per unit. This is comprised of:
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Subscription ratio | 25:1 | ||||||||||
Payment date | 27 June 2025 | ||||||||||
Valor/ISIN | New units: 33 349 032 / CH 033 349 032 1 Subscription rights: 142 315 321 / CH 142 315 321 7 | ||||||||||
Utilisation of issue proceeds | The issue proceeds will be used primarily for the strategic expansion of the property portfolio in line with the fund’s investment policy. In addition, ongoing projects are financed and, where possible, the borrowed capital ratio is reduced further. | ||||||||||
Legal form | Contractual real estate fund for qualified investors (Art. 25 et seq. CISA) | ||||||||||
Investor base | The fund is aimed exclusively at tax-exempt pillar 2 and 3a institutions domiciled in Switzerland, particularly pension institutions, institutions within the meaning of the Vested Benefits Act, substitute occupational benefit institutions, guarantee funds, investment foundations, welfare funds, financing foundations and bank foundations within pillar 3a, as well as tax-exempt social security and compensation funds (especially unemployment, health, old-age, invalidity and survivors’ insurance funds, with the exception of licensed insurance companies) in Switzerland. Investment funds may also invest if their investor base consists solely of the above-mentioned tax-exempt institutions domiciled in Switzerland. | ||||||||||
Custodian bank | Banque Cantonale Vaudoise (BCV), Lausanne | ||||||||||
Valuation experts | PricewaterhouseCoopers AG, Zurich | ||||||||||
Auditor | KPMG AG, Zurich | ||||||||||
Fund management | Swiss Prime Site Solutions AG | ||||||||||
Portfolio management | Swiss Prime Site Solutions AG | ||||||||||
If you have any questions please contact:
Monika Gadola Hug, Head Client Relations
Tel. +41 58 317 16 31, monika.gadolahug(at)sps.swiss
Andrea Schaller, Media Relations
Tel. +41 58 317 17 51, andrea.schaller@sps.swiss