Akara Swiss Diversity Property Fund PK

annual financial statements 2023 and capital increase in May 2024 - Seite 2

Lucrative development pipeline
The fund has an impressive development pipeline of more than CHF 325 million. This includes plans for about 700 residential properties and 3 500 m² of commercial space by the end of 2028. We believe that our projects are creating attractive living spaces that will contribute to a sustainable, attractive return thanks to the predicted rapid first-time letting.

Successful measures in the area of sustainability
The fund management is committed to an ESG-integrated approach and pursues a sustainable investment policy. When selecting and managing investments, environmental, social and governance aspects are adequately taken into account in all phases of the real estate investment process. In 2023, Swiss Prime Site Solutions again took part in the Global Real Estate Sustainability Benchmark (GRESB) assessment with an evaluation of Akara Diversity PK. The measures taken based on the previous year’s results, as well as the affiliation with the Swiss Prime Site Group since the beginning of 2022, have led to a significant improvement in the GRESB score.

Capital increase and further sustainable growth
To ensure the growth of the fund, a further capital increase is planned. The subscription period for the 12^th capital increase of Akara Diversity PK is expected to run from 6 May 2024 until 31 May 2024. The aim is to raise CHF 40 million to CHF 60 million in capital. The payment date for the fund units will be 28 June 2024.

The issue will give existing investors the opportunity to reinvest the dividend, which will be paid out on 26 April 2024. 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. The detailed terms of the issue will be published before the start of the subscription period.

Use of the capital
The capital raised will be used mainly to expand the portfolio in line with the strategy. Exclusive transaction opportunities have already been secured. In addition, ongoing projects are financed and, where possible, the borrowed capital ratio is reduced further.