Helvetica Property Investors Initiates First Capital Increase for the Helvetica Swiss Commercial Real Estate Fund

Helvetica Property Investors successfully closed the initial issue of the Helvetica Swiss Commercial (HSC) Real Estate Fund with CHF 77.22 million equity proceeds on December 9, 2016, and has since then acquired high-quality Real Estate Assets for around CHF 100 million. Now, the first capital increase with subscription rights is being launched.

The subscription period has been set to March 15, 2017 until April 13, 2017, 12.00 p.m. (CET). Existing shareholder will be granted (1) one subscription right. One (1) subscription right entitles the shareholder to subscribe (1) one new share against payment of the issue price. Subscription rights cannot be traded. During the subscription period, non-exercised rights will expire and become worthless. The Fund Manager reserves the right, together with the custodian bank or a third party, to acquire unsubscribed shares upon expiry of the subscription period and to subsequently place them free of charge in the market.

The issue price of CHF 104.00 (Net Asset Value per new share) was calculated in line with the fund contract. It is based on the Funds’ Net Asset Value as per December 31, 2016 of CHF 100.59 per share and includes value changes in properties, income generated in the period January 1 until April 27, 2017 plus additional charges to the benefit of the Fund (property transfer tax, notary costs, fees, standard brokerage fees, duties, etc.) These additional charges reflect the side costs related to the fund’s investment activities totalling CHF 1.50 per share. The properties of the fund have been appraised and reviewed by independent valuation experts as at December 31, 2016. These appraisals form the basis of the calculation of the issue price. Based on the allocated volume, a subscription fee of 0.5–1.5% will be charged.  The objective of the capital increase is to use the net proceeds to further building up the portfolio and reducing debt ratio. This announcement does not constitute a prospectus in the sense of Art. 652a or Art. 1156 of the Swiss Code of Obligations.