Capital increase for Helvetica Swiss Opportunity fully subscribed and completed
The capital increase for the Helvetica Swiss Opportunity Fund (HSO Fund; ISIN CH0434725054) carried out between 19 and 29 October 2020 was fully subscribed and successfully completed with issue proceeds of CHF 26.9 million. A total of 250,000 new shares were issued at an issue price of CHF 107.50 net per share. The number of shares in circulation after the capital increase amounts to 750,000 shares. The payment of the new shares takes place on
3 November 2020.
The capital increase was carried out on a commission basis (best effort basis) as part of a subscription offer in Switzerland, with a subscription ratio of 2:1. During the subscription period, no official trading of subscription rights took place. The shares of the HSO Fund are traded over-the-counter by Bank J. Safra Sarasin AG.
Attractive central property
The cash inflow from the capital increase will enable the acquisition of a very centrally located property in the French-speaking part of Switzerland valued at about CHF 42 million. The property, which has over 10,500 square meters of rental space and will be acquired in partial ownership, has its own spacious underground car parking and is leased on a long-term basis to a tenant with a good credit rating, who is very established in the area. The purchase agreement has already been notarized, and the transfer of ownership will take place in December 2020.
Michael Müller, CEO, says: "We are very pleased with the high demand from investors for our capital increase. The inflowing funds will enable us to acquire a centrally located property in the French-speaking part of Switzerland, which offers upside potential in the valuation and will substantially contribute to an attractive distribution of profits for our investors. With this acquisition, we increase both the geographical diversification and the earnings potential of the HSO Fund".
Fund portrait
The HSO Fund invests in special commercial real estate in the Swiss economic centers. The focus is on properties with special uses as well as operator properties such as logistics, data centers, industry and production, healthcare and nursing care facilities. The emphasis is on properties that offer stable income due to high rental occupancy rates, long-term leases and few tenants. The investment objective is mainly the long-term preservation of value and the distribution of reasonable profits.
| Michael Müller | Salman Baday |
| Chief Executive Officer | Head Sales Schweiz |
| P +41 43 544 70 80 | P +41 43 544 70 95 |
| mm@Helvetica.com | sb@Helvetica.com |
All relevant documents concerning the capital increase are available under www.swissfunddata.ch or www.Helvetica.com.
About Helvetica
Helvetica Property Investors AG is a leading real estate fund management company and asset management firm. We deliver sustainable value to our clients through active, long-term ownership of safe and stable real estate investments. With a fully integrated real estate investment platform, we are able to provide both standardized investment products and customized investment plans. We are proud of our longstanding reputation for outstanding client service and dedication to responsible ownership. Our firm is approved and regulated by the Swiss Financial Market Supervisory Authority FINMA.
About Helvetica Swiss Opportunity Fund
The HSO Fund is a Swiss real estate fund open exclusively to qualified investors. The HSO Fund invests in special purpose properties in the Swiss economic centers. The focus is on fully let properties with long-term leases and few tenants generating stable income. The investment objective is mainly the long-term preservation of value and the distribution of reasonable profits. The fund share units can be traded over-the-counter. The HSO Fund is approved by the Swiss Financial Market Supervisory Authority, FINMA.
Ticker Symbol HSO; security 43 472 505; ISIN CH0434725054
Disclaimer
This press release does neither constitute an issuance prospectus in the sense of Art. 652a or Art. 1156 of the Swiss Code of Obligations nor a prospectus, a simplified prospectus or a basic information leaflet (key investor information document; KIID) in the sense of the Swiss Act on Collective Investment Schemes. The units of the HSO 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 from Helvetica Property Investors AG.