Swiss Prime Site Solutions Investment Fund Commercial (SPSS IFC): key data for the fourth capital increase

The SPSS IFC again met its targets in the first half of 2024/2025. With a low vacancy rate of just 1.9% and a cash flow yield of around 2.8% as at 31 March 2025, the fund had already reached 63% of the targeted annual dividend by the halfway point of the year. Since its launch, the SPSS IFC has achieved a total return of 26.3%, outperforming the SWIIT by 15.9% (10.4%, as at 30 September 2025).

The funds from the last capital increase in March 2025 were deployed strategically: two attractive light industrial properties were acquired and the equity base for the planned listing was sustainably strengthened. The upcoming fourth capital increase will offer investors the opportunity to participate in the further growth of a high-yield portfolio. A carefully developed deals pipeline with exclusive opportunities is in place to support the consistent implementation of the growth strategy.

The subscription period for this fourth capital increase will begin on Monday, 27 October and end on Friday, 7 November 2025 at 12:00 noon. The payment date for the fund units will be Friday, 14 November 2025. Existing investors will be able to exercise their subscription rights in this capital increase. If any subscription rights remain unexercised, new investors will also be able to participate in the fund. Investors will have the opportunity to increase their chance of an allocation before the start of the subscription period by means of pre-commitments.

Fourth capital increase for SPSS IFC
The fourth SPSS IFC capital increase aims to secure a maximum issuing volume of 389 959 new units. Eight (8) existing units entitle the bearer to one (1) new unit at the issue price on the payment date of CHF 107.58 each (including ancillary costs and issue commission). The issue will be carried out on a best-effort basis under a subscription offer to investors in Switzerland who are eligible under the terms of the fund contract. Unsubscribed units will not be issued. There will be no official trading in the subscription rights during the subscription period, but they can be freely transferred and traded.

Use of the capital
The funds raised will be used to expand the portfolio in line with the strategy and are linked to a clearly defined investment plan. The focus is on the «light industrial» commercial type of use, among others. An attractive deal pipeline with specific transaction opportunities has been established for the planned capital increase.

Planned listing on 9 December 2025
FINMA has approved the conversion of the SPSS IFC into a mutual fund. The fund is to be listed on the SIX Swiss Exchange on 9 December 2025. This will make the fund accessible to a broader investor base – both for private and institutional investors.

Fund profile
The Swiss Prime Site Solutions Investment Fund Commercial (SPSS IFC) gives investors access to an attractive portfolio of high-yield Swiss commercial properties. Until the listing on 9 December 2025, the fund is open exclusively to institutional investors – with the conversion into a mutual fund, it will also be accessible to private investors. The focus is on high-yield commercial properties in economically robust locations throughout Switzerland. The fund strategy is based on broad diversification, high cash flow stability and strong risk/return profiles. The aim is to generate reliable returns and secure regular, attractive distributions for investors. SPSS IFC is the direct owner of the real estate; as such, taxes on income and capital gains are pre-paid by the fund itself, making them tax-free to investors (private and business assets) resident or domiciled in Switzerland.

SPSS IFC: summary of the issue details

PRESS RELEASE (PDF)

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(at)sps.swiss