Helvetica in times of COVID-19

Dear investors, business partners and friends of Helvetica

The exceptional situation worldwide, caused by the virus, and the extraordinary measures taken by the Federal Council and other governments, have hard hard not only Switzerland and Europe, but the whole world and the global economy. It is too early to gauge what will happen in the coming weeks and months and how our real estate investments will be affected. But one thing is already clear: it is an unprecedented situation and it requires our full attention.

Helvetica fully and consistently implements the measures recommended by the Federal Council and government orders. Despite the drastic measures, we are in a position to guarantee a condition bordering on normal operation, and our employees are on duty every day, sometimes in the home office.

The Board of Directors and the management of Helvetica are in close daily exchange and are also fully operational. We are already evaluating the effects that our real estate investments could undergo and are taking suitable countermeasures where possible. Our asset management strategy takes all necessary and currently available measures to protect your investments to the fullest extent possible and to secure values ​​and cash flows even during this extraordinary crisis.

As an immediate measure, our investment management has stopped two imminent purchases of two properties with a total value of over CHF 60 million, even though the certification dates have already been set. Together with our evaluators and other partners involved in possible purchases, we are now assessing the current situation and trying to estimate what will transpire in the coming weeks.

Please be assured that we share your concerns about the current situation and its short and medium term effects on the assets entrusted to us. We do everything in our power to minimize these effects and to steer our portfolios through these times in the best possible way.

Our team has been dedicated to the real estate investment business for years and will use our experience to deal with this crisis as best we can. Now it is important that we are united in the core philosophy we have always propagated: "Real estate is a long-term business." We will continue to think and act prudently, focused on sustainably and the long-term and refrain from spontaneous overreactions.

We will keep you informed of important developments in our property investment products in a timely manner.

At this time, we hope that you and your relatives and friends all stay healthy and that you will be able to face the current challenges successfully. Especially in stormy times, Helvetica remains a partner that you and your investors can trust.

Best regards

Your Helvetica team