Capital increase and acquisition for the Baloise Swiss Property Fund

Baloise Asset Management AG has announced a capital increase of CHF 125 million for the beginning of September 2024 for the Baloise Swiss Property Fund. This operation envisages the acquisition by transfer of assets of up to six buildings, currently held by Baloise Vie SA. The market value of the buildings concerned is also estimated at CHF 125 million.

This acquisition, subject to FINMA approval, aims to improve the diversification of the fund's portfolio. The terms of the issue will be made public in June 2024, and the issue price will include the inventory value as of March 31, 2024, as well as additional costs such as accrued income and the issue commission.

The Baloise Swiss Property Fund, a real estate fund under Swiss law, focuses primarily on direct real estate investments in Switzerland, aiming for stable income and both regional and sectoral diversification. Created in October 2018, the fund holds 78 buildings with an approximate market value of CHF 972 million.