HSC fund expands its portfolio
Following recent acquisitions, the Helvetica Swiss Commercial (HSC) real estate fund now has 30 properties with a market value of CHF 584 million in its portfolio.
Since June of this year, five properties with a total volume of CHF 106 million have been acquired for the HSC fund, Helvetica Property Investors reports. The properties are located in "economically active locations that are extremely attractive for their use.
Two of the properties are reportedly located in the canton of Bern, one in central Switzerland in the canton of Lucerne, and the other two properties in the cantons of St. Gallen and Thurgau.
The weighted gross ACT yield of the acquired properties is said to be around 5.7%, with one of the properties leased under a long-term triple-net lease. The leasable area is reportedly 52,000 sqm for office, sales, production and warehouse, generating annual rental income of nearly 6 million.
The properties had a weighted occupancy rate of 98% and a weighted lease term of approximately 5.5 years, which is above the existing portfolio's average to date, Helvetica Property Investors added.
For the coming months - in the run-up to the fund's listing on the SIX Swiss Exchange, which is planned for the fourth quarter - further acquisitions are planned. In particular, the company intends to further diversify its portfolio and strengthen its ability to pay dividends. (ah)
