Helvetica Swiss Living Fund made additional purchases for CHF 209 million in the 1st half of the year

The Helvetica Swiss Living Fund expanded its portfolio by 43% in the 1st half of the year. Since the beginning of the year, the fund, which is aimed at qualified investors, acquired 13 residential properties with a total value of CHF 209 million. As of the end of June 2022, the portolio comprises a total of 54 properties with 1,630 apartments. At the beginning of the year, there were still 1,176 apartments. The fair value of the properties increased from CHF 500.8 to CHF 715. In June, the purchase agreement for a property with 48 apartments in Biel was also signed for CHF 16 million. The transfer of ownership is scheduled to take place in the 4th quarter.

Updates from Helvetica are also available for two other funds:

• The Swiss Opportunity Fund, which is also reserved for qualified investors, purchased three properties for CHF 48 million in the first half of the year with the proceeds of a capital increase of CHF 40 million. The annual rental income of the fund, which focuses on logistics, data centers and specialty markets, thus grew by CHF 2.2 million. The fair value of the fund's portfolio increased by 21.3% to CHF 284 million. In July, three additional properties with a market value of CHF 40 million were acquired.
• Helvetica Swiss Commercial Fund, listed on the SIX Swiss Exchange, increased its market value only slightly by 0.4% to CHF 753 million in H1. Rental income increased by 2.6%, the occupancy rate from 93.1 to 93.4%. At mid-year, the fund comprised 35 properties with a total area of 308,000 sqm. (aw)