Helvetia AST receives fresh capital for real estate in French-speaking Switzerland
According to a press release, Helvetia Investment Foundation has successfully completed the capital increase for the Real Estate Romandie investment group. The proceeds of CHF 42 million will be used to finance a project in Vernier (GE), among other things.
Helvetia Investment Foundation announces the completion of the capital increase for the Real Estate Romandie investment group. "After a successful financial year 2023, Helvetia Investment Foundation is planning further investments in the Lake Geneva region," the company announces. The subscribed capital - CHF 42 million to date, according to Helvetia - will be used to finance a new construction project in an "excellent location" in Vernier (GE). The project will be realized not far from the headquarters of several international organizations. The funds are also earmarked for densification projects and to reduce the debt ratio.
According to the annual report for 2023, the investment group has concluded contracts for a project in Vernier worth CHF 49.5 million. According to an initial announcement in June, the target volume of the capital increase was CHF 50 million (IB reported).
The Real Estate Romandie investment group works with Edmond de Rothschild REIM (Suisse) SA as portfolio manager. (aw)
