Helvetia AST announces contribution in kind and plans capital increase
Two of the Investment Foundation's investment groups are growing through the acquisition of three residential properties and a planned capital increase that will be invested in projects.
The Helvetia Investment Foundation is expanding its two real estate investment groups. The "Real Estate Switzerland" investment group is acquiring three fully let residential properties in Olten by means of a contribution in kind from an existing investor. For the "Real Estate French-speaking Switzerland" investment group, further opportunities are to be financed by a capital increase of CHF 50 million.
Planned capital increase
"Following a successful conclusion to the 2023 financial year, further attractive opportunities have also been secured for the 'Real Estate Romandie' investment group," writes the investment foundation in a press release. Several projects are to be financed with a target capital of CHF 50 million, including a turnkey new-build project in Vernier (GE) and an extension project in Meyrin (GE). "These investments are a clear expression of our commitment to developing innovative and profitable real estate projects while strengthening our capital base," says Dunja Schwander, Managing Director of the Helvetia Investment Foundation. (aw)
