Helvetica Swiss Living Fund now worth over 800 million
The Helvetica Swiss Living Fund has increased the market value of its portfolio to 820 million CHF. In December, six properties with 144 apartments were added for CHF 66.6 million, according to the fund management company.
One of the six properties acquired is the residential complex Oberer Quai 106-116 in Biel. In addition, Helvetica Swiss Living Fund (HSL) acquired a portfolio with five properties: Rue Georges Jordil 1/3 in Fribourg (FR), Buchsweg 9/9a/11 in Zollikofen (BE), Ziegelfeldstrasse 36 in Olten as well as Mattenweg 2/4 and Rankackerweg 12/14 in Pratteln (BL). The transaction was brokered by JLL as exclusive transaction advisor to the seller, an undisclosed insurance company.
According to Helvetica, the properties are in attractive macro locations, are in good condition and the majority have been extensively renovated. "The acquisitions will support the HSL Fund's average residential rent quantile of around 40%," said Dominik Fischer, Head Investment Management at Helvetica. "In the low, affordable price segment, we see good long-term rentability and thus stable performance guaranteed." (aw)
