Helvetic Estates Property Fund launches first sub-fund

The Helvetic Estates Property Fund I is aimed at qualified investors and has the "long-term preservation of the invested capital" and the "distribution of appropriate income" as its objective, according to HEPF. To this end, investments are made in both residential and commercial real estate, preferably in new buildings, but not in the luxury segment. It pursues a "very conservative investment approach" with in-depth examination of potential properties and is extremely selective in its choice.

The fund will invest in a geographically diversified manner, focusing on existing properties in the metropolitan areas of Zurich, Basel, Lausanne and Geneva. "In times of brisk new construction activity and increasing vacancy rates, we are concentrating our upcoming investments and the expansion of the portfolio on the regions of strong economic relevance in Switzerland with high forecast population and economic growth," says Peter Schmid, Chairman of the Board of Directors of HEPF.

The target investment yield is estimated at 4.0 to 5.0 percent gross. The initial issue, which runs until the end of July, is expected to raise up to CHF 70 million.