Swiss Prime Site Secures CHF 300 Million for Portfolio Expansion

Swiss Prime Site AG has successfully acquired CHF 300 million through an accelerated bookbuilding process. This capital growth involves the placement of 2,926,829 new shares at CHF 102.50 each, increasing the company's share capital to CHF 160,468,750. The new shares will be tradable on the SIX Swiss Exchange from 26 February 2025.

CEO René Zahnd commented on the opportunity this capital provides for strategic acquisitions within the next 9-12 months, targeting properties expected to generate over CHF 17 million in annual rental income. This activity aims to enhance the company's Funds from Operations and Net Asset Value.

The Board has proposed a dividend of CHF 3.45 per share, with payment expected by 25 March 2025. The company also maintains a Loan-to-Value ratio below 39%, ensuring a stable fiscal strategy.