EQS Group-Ad-hoc: Helvetica Property / Key word(s): Real Estate
Press release 16 December 2020
Zurich, 16 December 2020 - The Helvetica Swiss Living Fund acquires eight high-quality residential properties with 220 apartments. The high-quality apartment buildings are in good locations in five cantons.
HSL Fund continues to grow, adding eight properties, 220 apartments and rental income of around CHF 4.2 million per year to its portfolio. The market value amounts to approximately CHF 96 million. The properties are all in good to very good condition, well-let and located in areas that are easily accessible by public transport.
"The fact that we have built up a residential real estate portfolio with over 500 apartments in just under a year and have also been able to significantly increase the occupancy rate makes me very proud. We are thinking long-term and are planning further growth steps for the HSL Fund in the new year" states Michael Müller, CEO Switzerland.
Portfolio with over 500 apartments
"With our growth prospects, an attractive distribution as well as a possible listing in sight, I consider the HSL Fund a very interesting alternative to listed residential real estate funds, which are currently trading at average premiums of over 30% to net asset value" comments Salman Baday, Head Sales Switzerland.
Review and Outlook
The investment pipeline is well filled and the fund management company Helvetica Property Investors AG plans to further expand the HSL Fund portfolio. A further capital increase is planned in the course of 2021, and a listing of the HSL Fund on the SIX Swiss Exchange is also planned for 2021 or 2022.
From today's perspective, a distribution in the region of CHF 3.00 per share can be expected for the current financial year.
Hans R. Holdener to become new Head ad interim of the Investment Team
About Helvetica Swiss Living Fund
Ticker Symbol HSL; Valor 49 527 566; ISIN CH0495275668
End of ad hoc announcement
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|EQS News ID:||1155526|
|End of Announcement||EQS Group News Service|
1155526 16-Dec-2020 CET/CEST