Helvetica Swiss Commercial: Acquisition of further properties
The real estate fund Helvetica Swiss Commercial (HSC) has acquired two further properties in the economic areas of Zurich and Zug for a total of CHF 33.5 million.
According to Helvetica Property Investors AG, the fund management company for the HSC real estate fund it manages, the weighted gross actual yield of the acquired properties is around 5.9 percent. The properties would have an attractive tenant and use mix on a leasable area of around 10,500 sqm. With these acquisitions, the fund now increases the number of properties to ten.
"In a challenging market environment, we were able to acquire high-yield properties with a total value of around 200 million in just eleven months," says Frederic Königsegg, CIO and Head of Investment Management at Helvetica Property Investors. Most of the transactions were completed "off-market".
HSC invests directly and exclusively in real estate assets in German- and French-speaking Switzerland. The focus is on economically strong regions and their agglomerations. "We are now focusing on active asset management as well as on the next capital increase at the end of 2017," adds Hans R. Holdener, CEO and Managing Partner of Helvetica Property Investors.
