Helvetia AST: Real estate investment group in French-speaking Switzerland grows
The Real Estate French-speaking Switzerland investment group of Helvetia Investment Foundation recorded new subscriptions of over CHF 100 million in the third quarter.
With new subscriptions of more than CHF 100 million, Helvetia reported its most successful subscription quarter to date. The funds will be used to finance three newly acquired properties worth CHF 90 million and to reduce debt financing. The properties are three fully let residential properties in the centre of Geneva, Helvetia says.
The investment group already acquired properties worth around 130 million in the previous year and will have net assets of over 450 million and total assets of over 550 million by the end of 2021, Helvetia added. Further substantial real estate acquisitions in the city of Geneva are currently under review. (ah)
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