Successful Initial Issue of the Helvetica Swiss Living Fund
The capital increase carried out for the HSL Fund from 9 October to 1 November 2019 met with strong investor interest. Thus 423,715 shares were subscribed. The HSL Fund received equity proceeds of around CHF 42.4 million from the initial issue. The new shares were paid on 6 November 2019. In line with the investment strategy of the HSL Fund, the proceeds from the issue will be invested in two secured initial portfolios of residential properties in the German-speaking part of Switzerland.
Michael Müller, designated CEO, says: «The high demand for our newly launched fund and the successful raising of the corresponding capital show that indirect real estate investments - especially for institutional investors - remain attractive. And it is a sign of investors' strong confidence in Helvetica Property.»
«We are convinced that with our hands-on approach we will be in a good position to increase the longterm value of these two portfolios», adds Hans R. Holdener, CEO and Managing Partner.
The HSL Fund invests in residential properties throughout Switzerland, with a clear focus where both regional and national economic centres are easily accessible and a positive population development is expected. The investment focus of the HSL Fund is on older and new properties as well as properties in need of maintenance and repair, which have the potential to increase in value through active Asset Management and the reduction of vacancies. The fund also focuses on locations that are easy to let and have good public and private transport connections.
For more information
| Hans R. Holdener CEO und Managing Partner Phone + 41 43 544 70 80 E-Mail hrh@HelveticaProperty.com | Michael Müller Designated CEO (as of 1.1.2020) Phone + 41 43 544 70 80 E-Mail mm@HelveticaProperty.com |
| FUND INFORMATIONEN | |
|---|---|
| Fund name | Helvetica Swiss Living (HSL Fonds) |
| Legal form | Contractual investment fund of the type real estate fund under Swiss law |
| Investor base | Qualified investors (in accordance with Article 5 of the fund agreement) |
| Fund Management | Helvetica Property Investors, Zurich |
| Asset Manager | Helvetica Property Investors, Zurich |
| Auditors | PricewaterhouseCoopers, Zurich |
| Custodian bank | BCV, Lausanne |
| OTC trading | BCV, Lausanne |
| Valuation experts | Wüest Partner, Zurich |
| Fiscal year | 01.01. – 31.12. (The first accounting year ends on 31 December 2020) |
| Use of profits | Dividend distribution |
| Debt ratio | 33% |
| NAV frequency | Audited annually |
| Valor No. | 49527566 |
| ISIN No. | CH0495275668 |
| Ticker | HSL |
About Helvetica Property
Helvetica Property is an independent partner-owned and managed real estate fund management company regulated by the Swiss Financial Market Supervisory Authority FINMA. Helvetica Property 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.
About Helvetica Swiss Living Fund
Helvetica Swiss Living (HSL Fund) is a regulated contractual investment fund under Swiss law approved by the Swiss Financial Market Supervisory Authority (FINMA) and open to qualified investors. The HSL Fund invests in residential real estate throughout Switzerland, with a clear focus on areas where regional and national economic centres are easily accessible and a positive population development is expected. The investment focus of the HSL Fund is on older and new properties as well as buildings in need of maintenance and repair, which have the potential to increase in value through active Asset Management and the reduction of vacancies. Ticker Symbol HSL; Valor 49527566; ISIN CH0495275668.