HSL Fund: Capital increase was significantly oversubscribed
The issue of the residential real estate fund Helvetica Swiss Living Fund was heavily oversubscribed, according to the fund management. The fund will receive just under CHF 120 million.
Helvetica Swiss Living Fund (HSL Fund) has successfully completed its latest capital increase with proceeds of CHF 117.5 million. The capital increase was significantly oversubscribed and the investor base was again expanded, Helvetica Property Investors announced. A total of 1.03 million new units will be issued at a net issue price of CHF 114.24 each.
With the new funds, the fund management intends to promptly implement the already secured purchase of residential properties with over 287 apartments worth 143 million. (ah)
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