Capital increase for Helvetica Swiss Commercial
Helvetica Property Investors plans to carry out a capital increase for its Helvetica Swiss Commercial in the spring. The fund company aims to raise up to CHF 78 million.
The initial offering of the Helvetica Swiss Commercial (HSC) real estate fund raised CHF 77.6 million at the beginning of December 2016, and since then the fund has acquired properties for around 100 million. Now the first capital increase is due.
The transaction is to be carried out under consideration of a subscription right and is expected to raise around 78 million. Helvetica Property Investors says that this is intended to raise funds for the further expansion of the portfolio and the repayment of debt capital.
"In the very short time of only two months, we not only managed to fully invest the equity available for the HSC, but also, taking advantage of the loan-to-value ratio, to achieve a very attractive return for the investor on the fund share level," says Frederic Königsegg, CIO, Head Investment Management.
Since the initial offering was paid on December 9, 2016, the fund has acquired three properties in the greater Zurich area and one mixed-use property in a very good location in the city of St. Gallen. "With the very attractive pipeline under negotiation, we are aiming for an even greater diversification of the already existing portfolio," says Hans R. Holdener, CEO and Managing Partner.
The real estate company Helvetica Property Investors manages direct and indirect real estate investments in Switzerland and manages them on behalf of its clients. For the Helvetica Swiss Commercial real estate fund, it is the fund manager and acts as asset manager.
