HSC Fund to be listed on SIX Swiss Exchange on 11 November 2019
In view of a future listing, the HSC Fund was admitted by FINMA as a mutual fund in the first quarter of 2018 and has since been accessible to all investors. The planned listing will provide investors the benefit of increased liquidity and visibility of their fund shares. The HSC Fund will be listed in the "SXI Real Estate Broad" and "SXI Real Estate Funds Broad" indices.
Focus on long-term capital preservation and good locations
The portfolio of the HSC Fund is designed to generate long-term value and is characterised by good location and high property quality as well as wide diversity in Swiss economic regions. The HSC Fund, launched in 2016, is thus looking back on a successful performance in terms of earnings and value. The fund currently holds real estate worth around CHF 600 million. At the end of 2019, the Fund Management company expects the market value to have increased to around CHF 700 million, mainly as a result of further planned acquisitions.
«When the HSC Fund was launched in 2016, we pledged to our investors to float the fund on the SIX Swiss Exchange after 3 years. I am delighted that we now list the HSC Fund on the SIX Swiss Exchange and thus keep our promise. I am extremely proud of our team," says Hans R. Holdener, CEO and Managing Partner. "The strategic expansion of the portfolio with a clear focus on quality has proven to be successful, with the fund focusing on commercial properties in central locations in Swiss urban agglomerations», comments Hans R. Holdener.
New Market Maker
Following the listing, the market making of the fund shares will be handled by Bank J. Safra Sarasin. The bank's Real Estate Hub has many years of extensive experience in the indirect real estate market.
Attractive dividend policy
The investment objective of the HSC Fund is also the distribution of adequate profit. The HSC Fund aims to ensure a high payout ratio in the long-term. However, the dividend amount will finally be based on the Fund's liquidity reserves. For the 2019 fiscal year, the Fund Management company plans to pay a higher dividend than in the previous year.
The planned listing is subject to FINMA's approval of the fund contract amendments and SIX Swiss Exchange's approval of the listing application.
For more information
| Hans R. Holdener CEO and Managing Partner Phone + 41 43 544 70 80 E-Mail hrh@HelveticaProperty.com | Peter R. Vogel CFO + 41 43 544 70 84 prv@HelveticaProperty.com |
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 Fund
The Helvetica Swiss Commercial Fund (HSC Fund) is an open contractual real estate investment fund under Swiss law open to all 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. Valor 33 550 793; ISIN CH0335507932
Disclaimer
This media release does not constitute an offering prospectus within the meaning of Art. 652a or Art. 1156 of the Swiss Code of Obligations or Art. 27 et seq. of the Listing Rules of the SIX Swiss Exchange nor a prospectus, simplified prospectus or Key Investor Information Document (KIID) within the meaning of the Swiss Collective Investment Schemes Act. The documents solely relevant for an investment decision can be obtained from Helvetica Property Investors AG.