HELVETICA PROPERTY EQS-News: HSL Fund capital increase of maximum CHF 38 million

Directive transparence : information réglementée

05/05/2021 06:59

EQS Group-News: Helvetica Property / Key word(s): Funds/Real Estate
HSL Fund capital increase of maximum CHF 38 million

05.05.2021 / 06:59

Press release, 05 May 2021

Zurich, 05 May 2021 - The fund management company will launch a capital increase for the Helvetica Swiss Living Fund (HSL Fund; ISIN CH0495275668) for a maximum of CHF 38 million on 10 May 2021. The issue proceeds will permit the already secured purchase of more than 300 apartments in attractive locations valued at about CHF 130 million.

The fund management company will carry out a capital increase of up to CHF 38 million for the HSL Fund from 10 May to 26 May 2021, 12.00 noon CEST. Each existing share will be allotted one (1) subscription right. (4) subscription rights entitle to the subscription of one (1) new share against payment of the issue price in Swiss Francs. In total a maximum of 342,789 new shares will be issued. This will increase the total number of outstanding shares from 1,371,155 to a maximum of 1,713,944 shares. The net issue price will be CHF 109.68 for each new share. The issue price was calculated according to the fund contract (§ 17 para. 3). The exact number of newly issued shares will be determined after the end of the subscription period, based on the number of subscriptions received. There will be no trading of subscription rights. Subscription rights that have not been exercised during the subscription period will expire with no value after 26 May 2021, 12:00 noon CEST. Payment for the subscribed new shares will be due on 31 May 2021.

The aim of the capital increase is to continue the growth strategy and to raise additional equity for the already secured purchase of over 300 attractive apartments, mostly in the Zurich area and in the Lake Geneva region, valued at approximately CHF 130 million. This will further improve the diversification and distribution capacity of the fund and brings the fund's total to over 800 apartments in attractive locations. The purchase is planned immediately after the payment of the capital increase.

The fund management company certifies the sustainability of its portfolio properties by an independent body. The DGNB (German Sustainable Building Council) certification "Buildings in Operation" is gradually being rolled out for existing properties, thereby increasing reporting transparency and the sustainable development of the real estate portfolios. 

Aim to list fund on SIX Swiss Exchange
The listing of the fund on the SIX Swiss Exchange is planned until the end of 2022. The fund is currently traded over-the-counter by Bank J. Safra Sarasin Ltd.

This press release does not constitute a prospectus according to article 35 ff. of the Financial Services Act.

Media contact

Michael Müller
Chief Executive Officer (Switzerland)
T +41 43 544 70 80
Salman Baday
Head Sales (Switzerland)
T +41 43 544 70 95
Issue volume Maximum CHF 38 million 
Subscription ratio 4:1
Number of existing shares 1,371,155
Number of new shares Maximum 342,789
Issue price per share CHF 109.68 net (including issuing commission)
Subscription rights trading No subscription rights trading
Subscription period 10 May 2021 - 26 May 2021, 12.00 noon CEST
Allocation 28 May 2021
Payment date 31 May 2021
Shares valor number / ISIN / Symbol 49 527 566 / CH0495275668 / HSL
Subscription rights valor number / ISIN  111198548 / CH1111985482 
Use of proceeds Investments in residential real estate in line with investment strategy 
Fund management company Helvetica Property Investors AG, Zurich
Custodian bank Bank J. Safra Sarasin AG, Basel 
Real estate valuation experts Wüest Partner AG, Zurich
Auditors  PricewaterhouseCoopers AG, Zurich 

All relevant documents concerning the capital increase can be found under www.swissfunddata.ch or www.Helvetica.com.

About Helvetica
Helvetica Property Investors AG is a leading real estate fund management company and asset management firm. We deliver sustainable value to our clients through active, long-term ownership of safe and stable real estate investments. With a fully integrated real estate investment platform, we are able to provide both standardized investment products and customized investment plans. We are proud of our longstanding reputation for outstanding client service and dedication to responsible ownership. Our firm is approved and regulated by the Swiss Financial Market Supervisory Authority FINMA.

About Helvetica Swiss Living Fund
The HSL Fund is a Swiss real estate fund open exclusively to qualified investors. The HSL Fund invests in residential real estate throughout Switzerland, primarily where regional and national economic centers are easily accessible. The investment focus of the fund is on older and newer properties with stable and sustainable revenues. The investment objective is primarily to preserve the fund's long-term value and to distribute reasonable profits. The fund share units can be traded over-the-counter. The HSL Fund is approved by the Swiss Financial Market Supervisory Authority, FINMA.

Ticker Symbol HSL; Valor 49 527 566; ISIN CH0495275668

This press release does neither constitute a prospectus in the sense of Art. 35 ff. of the Financial Services Act nor a prospectus, a simplified prospectus or a key information document for investors (KIID) in the sense of the Swiss Act on Collective Investment Schemes or a basic information leaflet. The units of the HSL Fund may not be publicly offered or advertised in Switzerland. The documents that are solely relevant for an investment decision, the prospectus and the simplified prospectus, can be obtained free of charge from the fund management company.

Helvetica Property Investors AG
Brandschenkestrasse 47
CH-8002 Zürich
T +41 43 544 70 80

Passion for Real.



End of Media Release

Language: English
Company: Helvetica Property
Brandschenkestrasse 47
8002 Zürich
Phone: +41 43 544 7080
E-mail: office@helvetica.com
Internet: www.Helvetica.com
ISIN: CH0495275668
Valor: 49527566
EQS News ID: 1192535

End of News EQS Group News Service

1192535  05.05.2021