Capital increase for HSL Fund successfully completed
The proceeds of the issuance of CHF 45 million will be used to further expand the high-quality real estate portfolio. The capital increase carried out for the HSL Fund from 2 to 13 March 2020 was successfully completed. In total, 423,715 shares were subscribed for at an issue price of CHF 105.19 net per share. After the capital increase, the number of outstanding shares increases to 847,430 shares. Payment for the subscribed new shares will be due on 18 March 2020. The shares are traded over-the-counter by Banque Cantonale Vaudoise.
The capital increase was carried out on a commission basis (best effort basis) as part of a subscription offer in Switzerland. The subscription ratio was one for one. There was no official subscription rights trading during the subscription period. The HSL Fund will receive funds of approximately CHF 45 million from the capital increase, which will be used to further expand the high-quality real estate portfolio.
Michael Müller, CEO, says: "The proceeds of the issuance will enable us to further expand and diversify our portfolio for residential properties. This will optimize the risk structure of the fund and increase the attractiveness of the HSL Fund for our investors".
The HSL Fund invests in residential properties throughout Switzerland, with a clear focus where both regional and national economic centres are easily accessible and a positive population development is expected. The investment focus of the HSL Fund is on older and new properties as well as properties in need of maintenance and repair, which have the potential to increase in value through active Asset Management and the reduction of vacancies. The HSL Fund also focuses on locations that are easy to let and have good public and private transport connections.
For more information
Michael Müller | Salman Baday Head Sales Switzerland Telefon + 41 43 544 70 84 E-Mail: sb@HelveticaProperty.com |
About Helvetica Property
Helvetica Property is an independent partner-owned and managed real estate fund management company regulated by the Swiss Financial Market Supervisory Authority FINMA. Helvetica Property offers the full spectrum of real estate investments, including investment strategies, investment property selection, deal structuring, acquisitions, financing, portfolio management and sales. The firm offers both direct and indirect real estate investments in Switzerland on behalf of its clients.
About Helvetica Swiss Living
Helvetica Swiss Living Fund (HSL Fund) is a regulated contractual investment fund under Swiss law approved by the Swiss Financial Market Supervisory Authority (FINMA) and open to qualified investors only. The HSL Fund invests in residential real estate throughout Switzerland, with a clear focus on areas where regional and national economic centres are easily accessible and a positive population development is expected. The investment focus of the HSL Fund is on older and new properties as well as buildings in need of maintenance and repair, which have the potential to increase in value through active Asset Management and the reduction of vacancies. Ticker Symbol HSL; Valor 49527566; ISIN CH0495275668.
Disclaimer
This media release does not constitute an issue prospectus within the meaning of Art. 652a or Art. 1156 of the Swiss Code of Obligations, nor a prospectus, a simplified prospectus or Key Investor Information Document (KIID) within the meaning of the Swiss Collective Investment Schemes Act. The units of the HSL Fund may not be publicly offered or advertised in Switzerland. The documents that are solely relevant for an investment decision, the prospectus and the simplified prospectus, can be obtained free of charge from the fund management company.