HSL Fund seeks fresh money for acquisitions
Helvetica carries out a capital increase of CHF 125 million for the HSL Fund. The proceeds will be used to finance the acquisition of twelve residential properties.
The capital increase for the Helvetica Swiss Living Fund (HSL Fund) will run from April 11 to 22 and will have a maximum volume of CHF 125.6 million. With a subscription ratio of 5:2, a maximum of 1.09 million new fund units are to be issued at a net price of CHF 114.54 each.
According to the fund management company Helvetica Property Investors, the funds from the capital increase will be used for the already secured acquisition of twelve properties. The properties are in good locations, feature more than 400 apartments and are worth a total of CHF 142 million, Helvetica said. The acquisitions will bring the fund to over 1,600 apartments. The purchase of the properties is planned to take place immediately after the capital increase is paid, which is scheduled to take place on May 2. (ah)
