HSL Fund raises 125 million
Its latest capital increase has brought CHF 125 million into the Helvetica Swiss Living Fund's coffers. The issue was significantly oversubscribed, according to the fund management.
The Helvetica Swiss Living Fund (HSL Fund) can report proceeds of CHF 125.6 million from the capital increase carried out from April 11 to 22. With the inflow of funds, the fund management intends to implement the already secured purchase of various residential properties in a timely manner, Helvetica Property Investors announces.
A total of 1.1 million new units were issued at a net price of CHF 114.54 per unit. This means that there are now 3.8 million fund units in circulation. According to Salman Baday, Head Sales & Marketing, investor demand has been strong, resulting in a significant oversubscription of the capital increase. The company has succeeded in broadening its investor base.
The HSL Fund is aimed at qualified investors; investments are made in residential real estate throughout Switzerland, in the vicinity of economic centers. The fund units are currently traded over-the-counter by Bank J. Safra Sarasin. (ah)
