Impact Investing Bond Logistics & Business Park in CHF | EUR | USD GREEN SQUARE II
PICTURE NECRON
| Currency | CHF | EUR | USD |
| Maturity in years | 2 |
| Fix coupon | CHF 5.75% | EUR 6.5% | USD 7.25% |
| Subscription period | until December 18, 2024 |
Business Case
GREEN SQUARE LOGISTICS & BUSINESS PARK launches phase 3 of the visionary, multi-stage development of the GREEN SQUARE BUSINESS CAMPUS in Aalsmeer near Amsterdam Schiphol Airport. Dutch Industrial Properties X B.V. owns the two plots with a total area of 18818m².
The GREEN SQUARE LOGISTICS & BUSINESS PARK project includes:
- Phase 1 of a state-of-the-art, multi-level logistics centre with a gross floor area of 28 082m² on three levels
- A new dual-branded hotel, Hilton Garden Inn and Home2 by Hilton, with a total of 284 rooms and a gross floor area of 13697m²
Investment Opportunity
Qualified investors are invited to participate in the financing. They will be offered a coupon of 5.75% [CHF], 6.5% [EUR], 7.25% [USD] per year, with a maximum term of 24 months, callable after 20 months.
Investment Benefits
- Sustainable project with BREEAM Standard "excellent" in an outstanding location
- Extensive guarantees first ranking security in favour of noteholders
- Low-risk real estate project
- Long-term leases with a total rent of EUR 9.1 million per year
- High equity share of 28.2%
- Regular interest income
- Fixed return
- Short term of the note
Product data
| Product | Impact Investing Bond Logistics & Business Park in CHF | EUR | USD |
| Strategy | GREEN SQUARE II |
| Currency | CHF | EUR | USD |
| Maturity in years | 2 |
| Fix coupon | CHF 5.75% | EUR 6.5% | USD 7.25% |
| Subscription period | until December 18, 2024 |
| ISIN | CHF: CH1392182890 / EUR: CH1392216730 / USD: CH1392243973 |
| Valor | CHF: 139218289 / EUR: 139221673 / USD: 139224397 |
| Bloomberg | CHF: ABSCRT 5 ¾ 12/20/26 / EUR: ABSCRT 5 ¾ 12/20/26 / USD: ABSCRT 7 ¼ 12/20/26 |
| Legal structure | Bearer bond secured by real estate lien (Senior Secured Bond) |
| Security | Signed, long-term lease agreement |
| Issue Size | CHF 80 m |
| Issue date | December 20th 2024 |
| Issue Price | CHF 1'000 |
| Final maturity | December 20th 2026 |
| Early Redemption Option | from 20 August 2026 with 10 days' notice |
| Early Redemption Price | 100 % plus accrued interest |
| Denomination | Necron Group AG, Bahnhofstrasse 16, 6300 Zug, T. +41 41 561 38 22 |
| Coupon Date | quarterly |
| Offering for | qualified investors |
| Paying Agent | Kaiser Partner Privatbank AG, Vaduz |
| Subscription OTC | Kaiser Partner Privatbank AG, Liechtenstein |
| Secondary market | Daily pricing will be available on Bloomberg (ISIN CH1108675427/CH1108675435/ CH1108675443). Secondary market under normal market conditions, on a best-effort basis with 1.00 % Bid-Offer. |
| Settlement | SIX SIS AG/Euroclear Bank S.A./ N.V. Clearstream Banking S.A |
| Exchange | Vienna Stock Exchange |
| Governing Law | Zurich 1, Swiss law |
| ESG Rating | Sustainable project with BREEAM |
Your contact
Daniel Gerber
Head of Market Switzerland & Chief Sustainability Officer
This content has been prepared by Picard Angst AG and is only a summary of the main features of the product and not a complete presentation and has been prepared solely for information purposes for use by the recipient for the duration of the subscription period. The information provided is valid only for this period. The information in this page does not constitute financial research and does not meet all legal requirements to ensure the impartiality of financial research and is not subject to any prohibition on trading prior to the publication of financial research. This page does not constitute an offer or invitation to buy or sell financial instruments. It is intended for informational purposes only. Given that an investment product can be a complex financial product, the decision to invest should therefore always be based on a consultation with a bank advisor. The information provided on this page on opportunities and risks is no substitute for the information provided by your investment advisor, which is always indispensable before concluding a transaction. Only those who are clear about the opportunities and risks of the transaction to be concluded and who are economically able to bear the losses that may occur should enter into such transactions.