HSL Fund increases capital by 38 million
Helvetica Property Investors' residential real estate fund HSL Fund has successfully completed its capital increase. The issue was significantly oversubscribed, the fund management announces.
As part of the capital increase for the Helvetica Swiss Living Fund (HSL Fund), 342,789 new shares were issued at a price of CHF 109.68 net per share - also to new investors. The issue proceeds thus amount to CHF 37.6 million. In the future, the number of outstanding shares will amount to approximately 1.7 million. The payment of the new shares is scheduled for May 31, 2021.
With the fresh money, the HSL Fund will promptly implement the already secured purchase of residential properties with over 300 apartments in attractive locations worth around 130 million, Helvetica says.
The fund is scheduled to be listed on the SIX Swiss Exchange by the end of 2022, the statement added. The shares of the HSL Fund are currently traded over the counter by Bank J. Safra Sarasin. (ah)
