Helvetia Investment Foundation with new investment group
Helvetia Investment Foundation is launching a new investment group that aims to invest in real estate assets in French-speaking Switzerland. Three quarters of the assets of the Real Estate French-speaking Switzerland investment group will be invested in residential properties and one quarter in properties for commercial use.
The first four existing properties and a first new construction project acquired by the Foundation are located in the cantons of Geneva, Vaud and Valais.
The issue of the Real Estate French-speaking Switzerland investment group will run from November 16 to December 14, 2015, with a volume of CHF 100 to 150 million. A first tranche of 50 million will be paid on January 15, 2016; the investment group intends to call further tranches at a later date. The units will be issued at a minimum subscription volume of CHF 100,000 at net asset value plus an acquisition fee of 3.75 percent.
The medium- to long-term oriented return is based on the KGAST Immo-Index, writes Helvetia Investment Foundation in a statement. The TER is 0.65 percent.
Orox Asset Management AG, a subsidiary of Bank Edmond de Rothschild (Suisse) SA which is not subject to banking law, is responsible for the portfolio and transaction management of the investment group and also covers construction fiduciary services within the scope of construction projects. (ah)
