Helvetica Swiss Commercial expands portfolio
The fund management company Helvetica Property Investors recently acquired two properties for the HSC real estate fund with a total value of around CHF 50 million.
The properties are located in busy and established locations in the economic areas of Zurich and central Switzerland, Helvetica Property Investors reports. The average gross yield of the properties is well above six percent.
The properties have a total leasable area of 18,000 sqm, comprising office and commercial space as well as sales and storage areas. In addition, the properties include numerous parking spaces.
"In only 4 weeks after the payment of the last capital increase, we were able to invest a large part of the equity capital in a sensible and high-quality manner," says Frederic Königsegg, CIO and Head of Investment Management. In 14 months, properties with a total value of around CHF 250 million have been acquired. The investment pipeline is also well filled for the coming months.
