2023 Annual Results and Capital Increase for Akara Swiss Diversity Property Fund PK

The Akara Swiss Diversity Property Fund PK announced that it closed the year 2023 with an investment return of 2.63%. This result includes a cash flow yield of 2.81% and a slight decline due to property values of -0.18%.

The fund also revealed a significant increase in capital profits, from -0.6 million CHF in 2022 to 7.8 million CHF in 2023. For the current fiscal year, the fund has incorporated equity of 127 million CHF, used mainly for the acquisition of new real estate and the financing of projects in development.

Total fixed assets reached CHF 2.7 billion, with a continued improvement in the vacancy rate which reached its lowest level at 2.33%. Rental income increased by 13% to CHF 80.7 million.

In terms of projects in development, the fund has a pipeline valued at more than CHF 325 million. These projects are expected to add around 700 apartments and 3,500 m² of commercial space to its portfolio by the end of 2028. In addition, a new capital increase is planned for May 2024, with an expected raising of between 40 and 60 million CHF.