The increased volatility in the current Swiss listed real estate market is the main reason.
The banking group UBS announced Tuesday to postpone the capital increase announced for its real estate fund “UBS Property Fund – Direct Urban”. Increased volatility in the current Swiss listed real estate market is the main reason, the establishment said in a statement.
The fund management is closely monitoring developments on the capital markets and will decide at a later date on the realization of a possible capital increase for UBS Direct Urban, specifies UBS. The capital increase announced at the end of August, for an amount of approximately 73 million francs, should have taken place at the end of October or the beginning of November 2022.
