HSO Fund: Special pharmaceutical logistics property acquired
The fund management company Helvetica Property was able to transfer a logistics special property purchased in November 2019 to the Helvetica Swiss Opportunity Fund (HSO Fund) as planned with an effect on income.
The property, which was newly built in 2020 by total contractor Methabau and completed in July, has 5,900 sqm of leasable space and a market value of approximately CHF 15.2 million, according to Helvetica Property Investors, and is leased long-term at 100% to NextPharma Logistics GmbH, a European pharmaceutical logistics company, under a 15-year lease.
The annual rental income is estimated at around 0.7 million, and the lease agreement runs without a break option until 2035. As contractually stipulated, the property was transferred to the portfolio of the Helvetica Swiss Opportunity Fund on August 10, 2020, with an effect on income, according to the fund management. The portfolio value of the HSO Fund thus increases to around 66 million. Currently, the fund is working on the acquisition of further properties.
The detailed 2020 semi-annual report for the Helvetica Swiss Opportunity Fund will be published on August 31, 2020; the fund management currently expects a distribution for the 2020 financial year in the range of CHF 4.50 to 4.75 per fund unit. (bw)
