Helvetica wants to open up residential funds to private investors
Subject to approval by Finma, the HSL fund should also be accessible to non-qualified investors this year.
Helvetica Property Investors AG plans to lift the restriction on the circle of investors for the Helvetica Swiss Living Fund. Subject to approval by Finma, the fund will be open to public investors. The measure is to be implemented in the fourth quarter.
The aim of opening up the fund to non-qualified investors is to broaden the investor base and improve the tradability of the shares for the benefit of all investors. "At the same time, this measure strengthens the market position of the HSL Fund and creates a solid foundation for future growth," according to a statement from Helvetica. The change also lays the foundation for a possible listing on the Six Swiss Exchange. (aw)
