HSL Fund acquires five modern, fully let apartment buildings. This increases the fund volume to over CHF 123 million
The properties were built in 2013/2014 and are fully let. The externally determined market value is around CHF 23.5 million and the annual target rental income is CHF 0.94 million. The five properties will be acquired on 1 July 2020 and integrated into the existing HSL portfolio.
Michael Müller, CEO, says: "With the renewed acquisition of attractive, fully let residential properties, we are demonstrating that we are able to achieve qualitative growth in a demanding market environment. In the coming months, we will work intensively on acquiring further high-quality properties with an attractive risk/reward profile for the HSL Fund".
The number of rental apartments in the HSL Fund thus increases to almost 300 rental units. The annualized rental income of the HSL portfolio now totals CHF 5.5 million. Following this acquisition, the externally determined market value will reach a value of over CHF 123 million.
"The properties acquired in Erlen are practically as good as new and in impeccable condition. The apartments are convincing with their location close to nature and good accessibility. They are modern and attractive, with reasonable, affordable rents. The investment properties therefore fit perfectly into our strategy of offering attractive but affordable living space. This is another successful step in our continuous growth and the quality expansion of the HSL portfolio", says CIO Frederic Königsegg.
The fund management continues to adhere to its plans for a capital increase in the second half of 2020 in order to further diversify the portfolio according to property size, location and tenants.
Media contacts
Michael Müller Frederic Königsegg
Chief Executive Officer Chief Investment Officer
+41 43 544 70 80 +41 43 544 70 83
mm@Helvetica.com fk@Helvetica.com
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About Helvetica
Helvetica is a leading Real Estate Fund 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 can 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.
Helvetica Swiss Living Fund
The HSL Fund is a Swiss real estate fund that is open exclusively to qualified investors. The HSL Fund invests in residential real estate throughout Switzerland, primarily where regional and national economic centers are easily accessible. The investment focus of the fund is on older and newer properties with stable and sustainable revenues. The investment objective is primarily to preserve the fund's long-term value and to distribute reasonable profits. The fund shares can be traded over the counter. The HSL Fund is approved by the Swiss Financial Market Supervisory Authority, FINMA.
Ticker Symbol HSL; Valor 49527566; ISIN CH0495275668.