HSC real estate funds: acquisitions for 60 million
Helvetica Property Investors has acquired two properties in the canton of Fribourg and the canton of Zurich for the real estate fund Helvetica Swiss Commercial (HSC).
The portfolio of Helvetica Swiss Commercial (HSC) grows to a total of more than CHF 480 million with the latest acquisitions, according to Helvetica Property Investors.
In Villars-sur-Glane, in the immediate vicinity of the Fribourg city limits, the fund acquired a commercial property dating from 2009 with a market value of 31.5 million. With a leasable area of around 10,000 sqm, it generates rental income of 1.8 million per year. The property is fully leased, with tenants being a garage chain and a gas station group. The lease term is over ten years.
The newly acquired property in Winterthur is located near the Winterthur Hegi train station. Numerous real estate developments are underway in the surrounding area. According to the fund management, rental income of almost 1.35 million per year is generated on a leasable area of around 20,500 sqm. The property has an occupancy rate of 98.4%; the average lease term is about eleven years. The market value of the property is reported by Helvetica Property Investors at 28.6 million. (ah)
