HSL Fund seeks fresh money
Helvetica Property Investors' HSL Fund plans to raise up to CHF 92 million in a capital increase to acquire properties.
The fund management company Helvetica Property Investors AG will carry out the capital increase for the Helvetica Swiss Living (HSL) Fund between October 12 and 22, 2020. With a subscription ratio of 1:1, a maximum of 847,430 new units shall be issued; the issue price is CHF 108.24 net per unit. There will be no trading in subscription rights; subscription rights that are not exercised during the subscription period will expire worthless after October 22. The new shares will be paid on October 28.
With the capital increase, HSL Fund intends to gain additional equity for the already agreed purchase of a residential portfolio worth around 50 million and for the acquisition of further residential properties in Switzerland, Helvetica Property Investors says. (ah)
