EQS Group-Ad-hoc: Helvetica Property / Key word(s): Miscellaneous
Ad hoc announcement pursuant to Art. 53 LR 30 June 2021
Zurich, 30 June 2021 - Hans R. Holdener will assume the function of CEO at Helvetica as of 1 November 2021. The fund management company successfully completed the capital increase of Helvetica Swiss Opportunity Fund (HSO Fund). The fund will receive proceeds in the amount of approximately CHF 28 million.
Hans R. Holdener new CEO of Helvetica
Hans Ueli Keller, Chairman of the Board of Directors, commented: "I am delighted that Hans R. Holdener has returned to Helvetica in an operational capacity and that we have been able to regain him as CEO. He is highly respected throughout the entire real estate and financial industry and is a personality with extensive experience. He is very familiar with Helvetica from his former role as co-founder and CEO. He has also proven that he can lead successfully, even in challenging times. The Board of Directors is convinced that he brings with him the ideal prerequisites to continue the course of growth which we have embarked upon."
To ensure good corporate governance, he will step down from the Board of Directors effective 1 November 2021. The search for a female successor is currently underway.
Hans Ueli Keller commented further: "Michael Müller has successfully managed the company for two years, in particular steering it safely through the COVID-19 pandemic. We are pleased that Michael Müller will be able to realize his dream of professional independence and that he will remain associated with Helvetica. The Board of Directors thanks him for his excellent services during this time, and wishes him every success in his future endeavors."
Successful capital increase for the HSO Fund
The capital increase was carried out on a commission basis (best effort basis) as part of a rights offering in Switzerland. With the proceeds from the capital increase, the purchase of five properties in a prime location in Pratteln/BL has already been completed. At the same time, the funds received will also enable further investments in the HSO Fund's existing portfolio of high-quality properties.
Salman Baday, Head Sales Switzerland, said: "The purchase of the five properties took place as part of an off-market transaction. The properties will generate stable, long-term returns and thus make a significant contribution to a sustainable distribution yield for our investors."
The acquisition of the properties in Pratteln, which have long lease terms (WAULT) of 7.4 years, increases both the diversification in the portfolio and the average creditworthiness of the tenants thanks to various well-known anchor tenants in Pratteln. The fund management company plans to further expand the fund and aims to list the fund on the SIX Swiss Exchange in the medium-term. The fund shares are currently traded over-the-counter by Bank J. Safra Sarasin Ltd. Shares can also be purchased at all Swiss banks.
About Helvetica Swiss Commercial Fund
Listing SIX Swiss Exchange; Ticker Symbol HSC; Valor 33 550 793; ISIN CH0335507932
About Helvetica Swiss Opportunity Fund
Ticker Symbol HSO; Valor 43 472 505; ISIN CH0434725054
About Helvetica Swiss Living Fund
Ticker Symbol HSL; Valor 49 527 566; ISIN CH0495275668
End of ad hoc announcement
|Phone:||+41 43 544 7080|
|Listed:||SIX Swiss Exchange|
|EQS News ID:||1214014|
|End of Announcement||EQS Group News Service|
1214014 30-Jun-2021 CET/CEST