Helvetia AST exceeds the three-billion threshold

A further capital increase has lifted Helvetia AST above a significant threshold: As the investment foundation announces, assets under management (AuM) have exceeded CHF 3 billion for the first time. The capital increase of the Real Estate Switzerland investment group was also more than twice oversubscribed. In total, over 50 pension funds took part in the opening - "a clear sign of recognition and trust from both existing and new investors", comments AST. The allocation volume was increased from CHF 150 million to CHF 250 million as further properties are currently undergoing due diligence, according to Helvetia. The signing of the contract is imminent. Negotiations are also currently underway for a "further substantial property portfolio". It is certain that an acquisition portfolio worth over CHF 100 million will be integrated into the portfolio in April. It will further increase the quality and yield of the portfolio, according to the statement. The fresh funds are also earmarked for optimizing the portfolio.

The capital increase and the purchase of a portfolio for CHF 100 million in German-speaking Switzerland were announced at the beginning of February (IB reported). The investment group's total assets amounted to just under CHF 1 billion at the end of the year. (aw)