Helvetica Property Investors starts Capital Increase for the Helvetica Swiss Commercial Real Estate Fund
The subscription period runs from November 20 until December 15, 2017, 12.00 CET. Each existing share will be allotted one (1) subscription right. Two (2) subscription rights entitle to the subscription of one (1) new share against payment of the allocated subscribed amount in cash. There is no official subscription rights trade. Subscription rights which are not used during the subscription period expire worthless and without compensation. The fund manager reserves the right to take over non-subscribed shares after the subscription period and, subsequently, place them on the market with all due diligence with the custodian bank or third parties.
The issue price of CHF 105.11 (net per new share, excluding issuing commission) was calculated according to the fund contract. It is based on the audited net asset value as per June 30, 2017, of CHF 104.17 per share and includes changes until January 10, 2018, as well as the distribution of CHF 3.50 per share for the business year 2017. The fund’s properties were re-evaluated by the independent valuation experts as per September 30, 2017. The goal of the capital increase is to gain additional equity for the further expansion of the existing high-quality portfolio. This announcement does not constitute an issuing prospectus according to art. 652a and art. 1156 of the Swiss code of obligations.
All relevant documents related to the capital increase can be downloaded immediately on www.HelveticaProperty.com
For more information
| Hans R. Holdener CEO and Managing Partner Phone + 41 43 544 70 80 E-Mail hrh@HelveticaProperty.com | Marcel Hug CFO, Head Corporate Services Phone + 41 43 544 70 84 E-Mail mh@HelveticaProperty.com |
Financial statements are available on the website of the fund manager.www.HelveticaProperty.com
| Capital increase Key Data | |
|---|---|
| Issue volume | Up to CHF 64.92 million |
| Subscription ratio | 2 to 1 |
| Number of existing shares | 1 235 300 |
| Number of new shares (max.) | 617 650 |
| Offering price | CHF 105.11 |
| Minimum subscription | CHF 105 110.00 |
| Subscription rights trading | No official subscription rights trading |
| Subscription period | November 20 to December 15, 2017, 12.00 CET |
| Allocation | December 20, 2017 |
| Payment date | January 10, 2018 |
| Issuing commission | 1.00% – 1.50% |
| Securities number | Shares 33550793, Subscription rights 38955025 |
| Use of proceeds | Further expansion and diversification of the portfolio |
About Helvetica Property Investors AG
Helvetica Property Investors is an independent partner-owned and managed real estate fund management company regulated by the Swiss Financial Market Supervisory Authority FINMA. Helvetica Property Investors 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. Helvetica Property Investors acts as fund and asset manager for the Helvetica Swiss Commercial real estate fund.
About Helvetica Swiss Commercial Real Estate Fund
The Helvetica Swiss Commercial real estate fund (HSC) and is an open contractual real estate investment fund under Swiss law for qualified investors. The fund is suited for long-term value investors interested in a stable and consistent cash-flow. The fund invests in commercial properties with value appreciation potential across the most dynamic economic regions in Switzerland. The focus is on potentially undervalued properties with an attractive cash-flow yield. The fund manager pursues an active hands-on management approach to unlock and realize hidden potential in the properties by means of revitalization, renovations, vacancy reductions and lease extensions. The long-term goal is to build a broadly diversified portfolio by region, type of use, object size and tenant mix.