HSL Fund buys in Thurgau
The Helvetica Swiss Living Fund (HSL Fund) acquires five apartment buildings in Erlen (TG).
According to a Helvetica statement, the properties in Erlen were built in 2013/2014 and are currently fully leased. They are within walking distance of the local train station and are well served by both public and private transport. The externally determined market value of the properties is around CHF 23.5 million, it adds. The annual target rental income is estimated at 0.82 million.
The acquisition brings the number of rental apartments in the HSL Fund to almost 300 units. The annualized rental income of the portfolio now totals around 5.5 million, according to the statement. The externally determined market value increases to over 123 million after the acquisition.
According to Helvetica CEO Michael Müller, the real estate company plans to "work intensively in the coming months to acquire further high-quality properties with an attractive opportunity/risk profile for the HSL Fund." To further diversify the portfolio, the fund management company is planning a capital increase in the second half of 2020. (ah)
