Helvetica buys for 240 million
Helvetica Property Investors has acquired a total of 14 properties worth more than CHF 240 million for its funds in recent weeks.
Helvetica has purchased twelve residential properties worth a total of CHF 208 million for the Helvetica Swiss Living Fund (HSL Fund). According to the company, the properties are located in very good locations in the cantons of Basel-Stadt, Bern, St. Gallen, Thurgau and Zurich and have an occupancy rate of 97%. They add nearly 500 apartments and more than 7 million in annual rental income to HSL Fund's property portfolio. Six of the 12 properties were notarized at the beginning of January 2022 and thus contribute year-round income, Helvetica added. They are located in the cantons of St. Gallen and Zurich and have a market value of 74 million. As of the end of January, the fund holds 47 properties with 1,300 apartments and a market value of 575 million.
For the Helvetica Swiss Opportunity Fund (HSO Fund), two "practically fully leased" special properties have been acquired. These are a logistics property in Buchs (ZH) and a bolt-on purchase in Sion (VS). According to the fund management, the two properties are worth a total of €36 million.
According to Peer Kocur, Head Investment Management, the funds from the capital increases of the two funds have been directly invested in the acquisition of the properties. "This significantly increases the diversification and fund size of both vehicles." (ah)
