Bär & Karrer Advised Banque Cantonale de Genève on the Increase of the Capital of La Foncière
La Foncière, a real estate fund governed by articles 58 et seq. of the Swiss Collective Investment Schemes Act, completed from 16 to 25 March 2020 an increase by 10% of the number of its units (parts) listed on the SIX Swiss Exchange. The 1'237'107 additional units were fully subscribed to, in spite of most challenging market conditions. These additional units have been listed on 31 March 2020.
The fund management company of La Foncière is Investissements Fonciers SA, Lausanne and its custodian bank is Banque Cantonale de Genève.
Bär & Karrer acted as counsel to Banque Cantonale de Genève on this transaction. The team included Frédéric Bétrisey and Diana Bellido Gomes (both Banking) and Annette Weber (Capital Markets).