HSO Fund remains on growth track
Helvetica Swiss Opportunity Fund intends to further expand its CHF 234 million portfolio and is carrying out a capital increase to this end.
Helvetica Property Investors is conducting a capital increase for the Helvetica Swiss Opportunity Fund (HSO Fund) from March 21 to 31. With a subscription ratio of 4:1, a maximum of 312,500 new units will be issued at a price of CHF 126.91 each. The issue thus has a volume of up to CHF 40 million.
The proceeds from the capital increase will be used to further expand the existing portfolio, Helvetica says. Various attractive acquisition properties in line with the strategy and some exclusive properties are already in the pipeline. In the medium term, the portfolio is to be increased to 400 million, the fund management announces. In the case of acquisitions, attention is paid to third-party usability, flexible use, location quality and tenant creditworthiness.
The portfolio has grown significantly in 2021
Last year, the fund more than doubled the value of its portfolio from 110.3 million to 234.0 million. Properties in Pratteln (BL), Buchs (ZH) and Sion (VS) were purchased, resulting in an investment focus on the Zurich area and northwestern Switzerland. The main uses are retail space (39%) and logistics and commercial space (48%). Target rental income increased significantly last year as a result of the acquisitions, climbing by 110% to 12.8 million.The occupancy rate of the overall portfolio fell from 99.0 % to 96.7%, but will increase again during the current year, the fund management company said. The remaining term of all leases (WAULT) at year-end was 7.0 years (previous year: 8.3 years).
Rental income increased to around 9.0 million (previous year: 5.7 million). In addition to the increase from operating activities, the HSO Fund was able to record revaluations amounting to 13.2 million. After deducting the change in liquidation taxes, total income increased to 18.7 million (previous year: 8.3 million).
The fund closes the financial year with a net asset value per fund unit of CHF 122.12 (previous year: CHF 111.82), which corresponds to an investment return of 15.4% adjusted for the distribution. The performance in the past financial year was 21.53%. The distribution increased from CHF 6.00 to CHF 6.10 and the distribution yield is 5.0%. (ah)
