FidFund Management SA, with registered office in Nyon, as manager of the Residentia Fund, along with the fund promoters Banca dello Stato del Cantone Ticino and Studio Fiduciario Pagani SA, are pleased to announce that the capital increase that occurred on 14 June 2016 was as successful as had been hoped: 200,105 new units were paid up, amounting to approximately 22 million Swiss francs, thereby increasing net assets to more than 133 million Swiss francs.
There was a huge demand from both existing and new investors, which we were unfortunately unable to fully satisfy.
The proceeds of this capital increase will enable us to further consolidate the fund’s development, to carry out planned projects and to increase the real estate assets of the fund invested in Ticino to approximately 163 million Swiss francs.
This success means that we can look to the future with added momentum, with a view to completing current projects and seeking new investment opportunities that always comply with our strict standards. The Residentia team would like to thank all the investors and partners that have contributed to this further development in the first and only fund dedicated the Italian part of Switzerland.