TrustStone Secures Successful CHF 27M Capital Increase for Pully Acquisition
Deal News | Jul 15, 2025 | Zurmont Management AG
TrustStone Real Estate SICAV has announced the successful conclusion of a CHF 27 million capital increase initiative, orchestrated by Dominic & Co Asset Management. This operation, which was conducted between June 30 and July 8, 2025, was oversubscribed, underscoring the high interest among new investors. The raised capital is earmarked for the acquisition of a commercial property in Pully, Switzerland, which has been purchased for CHF 18.7 million. The property, ensuring high rental security with public entities as tenants, holds a market value of CHF 19.7 million. The acquisition enhances the geographic and qualitative diversification of TrustStone's portfolio, aligns with its strategy to reduce the fund's overall debt ratio, and optimizes value distribution. New shares from this capital increase are expected to be released and listed by July 25, 2025.
Sectors
- Real Estate
- Asset Management
Geography
- Switzerland – The capital increase and subsequent property acquisition took place within Switzerland, specifically citing locations such as Pully and Morges.
Industry
- Real Estate – The primary focus of the article is on a capital increase in the real estate sector and subsequent property acquisition by TrustStone Real Estate SICAV.
- Asset Management – Dominic & Co Asset Management led the capital increase operation, highlighting their role in asset management services.
Financials
- CHF 27 million – The amount raised in the capital increase operation for TrustStone Real Estate SICAV.
- CHF 18.7 million – The acquisition cost of the commercial property in Pully.
- CHF 19.7 million – The market value of the acquired commercial property.
- 4.98% – The gross yield on the acquired property.
- 4.53% – The rental reserve on the acquired property.
- 5.25% – The improved average return on portfolio cost due to the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Zurmont Management AG | Private Equity Firm | Company | The private equity firm overseeing the operations of TrustStone Real Estate SICAV. |
| TrustStone Real Estate SICAV | Target Company | Company | A real estate investment company focused on expanding its property portfolio through recent capital increase. |
| Dominic & Co Asset Management | Asset Manager/Advisor | Company | The company that led the successful capital increase for TrustStone. |
| Solutions & Funds SA | Announcer | Company | The company responsible for announcing the success of the capital increase. |