Helvetia Asset Managemet plans acquisitions

The fresh capital from the issue planned for March 31 will be used to finance the acquisition of another real estate portfolio. The purchase of a geographically broadly diversified property portfolio with a high proportion of residential properties (79%) and a market value of CHF 298.2 million is currently being examined, according to the fund management company Helvetia Asset Management. The properties in question are ten core/core plus properties owned by Helvetia Swiss Life Insurance Company Ltd. The properties are spread across eight cantons and, according to the fund management company, are characterized by "good property and location quality with high earnings and value stability." On February 4, 2022, FINMA granted an exemption for this transaction pursuant to Art. 63 para. 4 CISA from the prohibition of takeovers and assignments pursuant to Art. 63 para. 2 CISA.

The fund management intends to announce the exact terms of the planned capital increase shortly.

Helvetia (CH) Swiss Property Fund, a real estate fund for qualified investors, was launched in June 2020. As of September 30, 2021, the fund's property portfolio consists of 29 properties with a market value of CHF 548.2 million. With the fund, Helvetia intends to tap into a new business model and offer innovative asset management services in line with its "helvetia 20.25" strategy.  (bw)