The HSC Fund acquires a modern multi-tenant property in the heart of Fribourg

The HSC Fund has signed a purchase agreement for a modern commercial property in the city of Fribourg. The property is situated in a well-developed and economically intensive location in the heart of Fribourg and has its own underground garage with 140 parking spaces. The property has a rentable area of over 9,500 square meters and generates a target rental income of almost CHF 2.2 million per year with 15 rental agreements.

Attractive multi-tenant property in the heart of the city
The property was built quality consciously in 1994 with above average construction quality. The acquired, inner-city property site measures over 3,500 square meters. The property is well diversified at market-based rents and is leased to about 90% to partly well-known international companies.

Additional potential purchased with good current yield
In addition to the high occupancy rate, the HSC Fund benefits from additional, marketable letting potential and can further increase the already extremely attractive actual return. To this end, the fund management company intends to quickly place the currently unleased reserve space on the market. Due to the high quality of the property, the well-connected location and the fair price/performance ratio of the potential spaces a rental in the coming months seems realistic.

The purchase agreement has already been notarized. The transfer of benefits and risks took place on 1 October 2020. The parties agreed not to disclose details of the transaction.

"With the acquisition of this property in Fribourg, we are expanding the HSC Fund portfolio and further improving the already good diversification of the fund," explains Frederic Königsegg, Chief Investment Officer.

Value of real estate portfolio increased to well over CHF 700 million - Planned capital increase postponed
On 19 August 2020, the fund management company informed that it was planning a further capital increase for the HSC Fund in September. With the acquisition announced today, the value of the entire real estate portfolio is well over CHF 700 million with a target annual rental income of just over CHF 45 million. The fund management company has decided to postpone the capital increase planned for September 2020 and is currently not issuing any additional fund units.

Media contact
Michael Müller                                                                    Frederic Königsegg
Chief Executive Officer                                                        Chief Investment Officer
P +41 43 544 70 80                                                            P +41 43 544 70 83
mm@Helvetica.com                                                             fk@Helvetica.com 

All press releases can be found under
www.Helvetica.com