Helvetica Swiss Commercial Fund sells Property
"The recent sales from the portfolio confirm the attractiveness of the properties held by our funds," says Dominik Fischer, designated Chief Investment Officer (CIO) of Helvetica.
- Property in canton of Thurgau sold
- Sales price reflects fair market valuation of the real estate portfolio
- Cash is used to reduce the leverage ratio
The Helvetica Swiss Commercial Fund (HSC Fund) has successfully placed another property on the market. This is the two-storey commercial property at Zürcherstrasse 331 and 333 in Frauenfeld in the canton of Thurgau, which was acquired for the fund in 2020. The property is geared towards the sale, repair and maintenance of motor vehicles. The site area of over 6,990m2 also offers ample outdoor parking and storage space. The transfer of ownership took place on December 15, 2023. The sale price is in line with the property valuation of the external valuation expert.
To date in 2023, two sales totaling around CHF 28 million have been made and a further CHF 10 million has been notarized for sale. In addition these are the commercial and retail property at Murgtalstrasse 20 in Münchwilen in the canton of Thurgau, which was sold in August 2023, and the office property at Via Livio 1 and Via Motta 24 in Chiasso in the canton of Ticino, which was notarized in October 2023. Ownership of the latter is expected to be transferred at the beginning of 2024 after the Lex Koller audit has been completed. The sales will reduce the fund's leverage to below 28% and should keep it within the target range of 25 to 28% in the long term.
Media contacts
| Dominik Fischer Head Investment Management, Designated Chief Investment Officer T +41 43 444 70 93 dominik.fischer@helvetica.com | Patricia Neupert Head Marketing & Communications T +41 43 544 70 98 patricia.neupert@helvetica.com |
About Helvetica
Helvetica Property Investors AG is a leading real estate fund management and asset management company. We offer our clients sustainable value through active, long-term ownership of secure and stable real estate investments. With a fully integrated real estate investment platform, we offer standardized investment products as well as customized investment programs. We are proud of our long-standing reputation for excellent customer service and our commitment to responsible business practices. Our firm is licensed and regulated by the Swiss Financial Market Supervisory Authority FINMA.
Helvetica.com
Helvetica Swiss Commercial Fund
The HSC Fund is a Swiss real estate fund listed on the SIX Swiss Exchange and open to all investors. The HSC Fund invests in commercial and industrial properties in the most important economic areas of Switzerland. The fund's portfolio is geared towards long-term value preservation and features high location and property quality as well as broad diversification. The investment objective is primarily the long-term preservation of substance and the distribution of appropriate income. The HSC Fund is authorized by the Swiss Financial Market Supervisory Authority, FINMA.
Listing SIX Swiss Exchange; ticker symbol HSC; Valor 33 550 793; ISIN CH0335507932
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