Helvetia raises 170 million for real estate investment group
Helvetia Investment Foundation has increased the volume of its capital increase for the Real Estate Switzerland investment group by CHF 70 million. The reason was the high demand from pension funds.
Helvetia Investment Foundation's capital increase for the Swiss real estate investment group has apparently met with very great interest: According to Helvetia Investment Foundation, more than 100 pension funds of well-known Swiss companies have subscribed to claims amounting to CHF 350 million. This means that the targeted volume of 100 million was oversubscribed by a factor of 3.5.
Due to this high demand and a well-equipped real estate pipeline, the board of trustees of Helvetia Investment Foundation had decided to increase the targeted capital increase volume by 70 million to 170 million. This enabled the reductions in allocations to be cushioned and all investors to be served with units.
The investment group's real estate portfolio is now to be further expanded. It strategically consists of at least two-thirds residential properties and a maximum of one-third commercial properties and is diversified across various regions of Switzerland. Valuations are carried out by Jones Lang LaSalle and KPMG, while Privera is responsible for property management.
