Helvetia Asset Management Ltd plans capital increase for Helvetia (CH) Swiss Property Fund for the acquisition of a real estate portfolio
Helvetia Asset Management AG / Key word(s): Capital Increase/Miscellaneous Ad hoc announcement pursuant to Art. 53 LR The fund management company Helvetia Asset Management Ltd is planning in March 2025 a capital increase of Helvetia (CH) Swiss Property Fund with a volume of around CHF 166 million for the purpose of acquiring a property portfolio with a market value of around CHF 252 million. In line with the strategy of the Helvetia (CH) Swiss Property Fund, Helvetia Asset Management Ltd is examining the acquisition of up to seven properties from the portfolio of Helvetia insurance with a value of around CHF 252 million. The required FINMA approval for the transaction has been obtained. The portfolio envisaged for acquisition consists of seven Core/Core Plus properties with a high residential focus across four cantons and is characterised by a high quality of properties and locations that are aligned with the existing portfolio of the Helvetia (CH) Swiss Property Fund, with corresponding earnings and value stability. To finance the acquisition of the properties, the fund management company plans to issue new units in the amount of around CHF 166 million. The exact terms of the planned capital increase will be published in due course. Fund portrait The main part of the portfolio (almost 80%) is invested in residential use, supplemented by mixed-use and commercial properties. The focus of the portfolio strategy is on optimising current income, realising the potential of the portfolio and actively managing the portfolio. As of 30 September 2024, the fund has 46 properties and is broadly diversified in terms of location, building age and tenant structure. The market value of the fund’s real estate portfolio was CHF 1,081 million as at 30 September 2024. Following the capital increase, the market value of the fund’s real estate portfolio is expected to be around CHF 1.3 billion, which will increase the liquidity of the units. Fund information
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Language: | English |
Company: | Helvetia Asset Management AG |
St. Alban-Anlage 26 | |
4002 Basel | |
Switzerland | |
EQS News ID: | 2088293 |
End of Announcement | EQS News Service |
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2088293 19-Feb-2025 CET/CEST