UBS Switzerland AG has announced a capital increase for UBS Direct Residential, which will occur from October 24 to November 1, 2024.
Subscription rights will be traded on the SIX Swiss Exchange from October 24 to October 30, 2024.
Alongside this capital increase, UBS has determined the distributions for UBS Direct Residential, UBS Direct Urban, and UBS PF Europe, based on the financial year ending June 30, 2024.
This is part of UBS's strategy to enhance its real estate investment offerings in Switzerland and Europe.