Ina Invest heuer makes the first IPO view

The real estate company wants to let investors in the dynamic development of the Swiss real estate market. The issue price of the shares reached on 22,42 francs

Ina Invest heuer makes the first IPO view

The real estate company wants to let investors in the dynamic development of the Swiss real estate market. The issue price of the shares reached on 22,42 francs specified maximum amount, as it was said in a message. So the company comes to a market value of nearly 200 million Swiss francs.

Compared with the heavy-weights on the local real estate market, Ina Invest with a portfolio value of around 300 million francs a rather small player. The property holdings PLC (11.8 billion Fr.), PSP (8.0 billion), or Allreal (4.4 billion) move into much higher regions.

But that's about to change. Until 2027, a portfolio is targeting a value of around 2 billion. Ina Invest to grow through the further development and completion of existing projects as well as continuous acquisitions strong. Financing the growth to increases in the sale of such condominiums or other capital.

The Ina-Portfolio initially consists of a new-build development projects with a high level of mixed-use percentage. The ratio of housing and commercial was balanced, and the focus being on Prime locations in Zurich, Winterthur, Basel, Lausanne or Geneva, the company stresses.

of the more prominent projects such as the Quartier "Lokstadt" in Winterthur with different buildings or site development Tivol in new castle with apartments, office space and gastronomy, and culture.

part of the "Story" is also the continued close collaboration with Implenia. With the spin-off, Implenia wants to open his development projects, new investors, however, retains a major share, and binds the projects on contracts and services to the business.

the construction of The Implenia-secession law is complicated. The construction company outsources about half of its portfolio of Ina Invest Ltd. On the exchange whose Holding is but.

About 75 percent of the total of approximately 8.9 million Ina shares at the IPO on the Implenia's shareholders. This dividend will be paid as property, plant and 3.69 million titles directly to you. In a capital increase of them through subscription rights were offered more to 5.17 million units, of which approximately 59 percent were subscribed.

the Rest of The Ina shares was offered to investors. Already in the run-up to the insurance group Swiss Life had expressed interest in up to 15 percent of Ina Holding, and an Order in the amount of 30 million Swiss francs is assured. Thus, only about 10 percent are likely to be passed on to other investors.

After the completion of these transactions, the Holding company will hold around 57 per cent of Ina Invest and Implenia around 43 percent.

Implenia had long resisted against a split. In the past year, the pressure increased then, as the activist investment company Veraison career at Implenia and later with the major shareholder Max Rössler and his holding company Parmino together tight.

In October, had presented to Implenia his plans for a partial spin-off of a quarter of the portfolio at an investor conference. After the Implenia-had agreed to the Board of Directors and shareholder Rössler on this path, threw Veraison in the towel and got out at Implenia again.

The Implenia shares were awarded to the spin-off plans by the end of February, significant buoyancy, and the exchange rate rose from around 40 Swiss francs in the High 52,50 CHF. After that, it went with the General fall in the share price by the Corona-crisis in the March 28 Swiss francs, down. On Thursday, Implenia signed on 37,62 francs.

(SDA)

Updated Date: 12 June 2020, 12:47

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