EQS Group-News: Helvetica Property
/ Key word(s): Funds/Real Estate
Press release 8 April 2021
Zurich, 8 April 2021 - The Helvetica Swiss Opportunity Fund (HSO Fund) has built an excellent specialized real estate portfolio with a market value of CHF 110.3 million in its first financial year 2020. The portfolio has a high occupancy rate of 99% and currently generates CHF 6.1 million in target rental income.
Specialized properties with long-term, attractive cash flows and returns
The portfolio currently comprises a property with school use (Wädenswil/ZH), a pharmaceutical logistics property (Schaffhausen/ZH), a city center property with food sales, department store and restaurant (Sion/VS), a property shell use "Lipo Park" (Schaffhausen/SH) and a commercial property with fruit juice production and other commercial tenants (Rümlang/ZH).
The annual target rental income of these portfolio properties amounts to CHF 6.1 million. The portfolio is characterized by long-term leases with a WAULT of 8.3 years per year-end 2020 and by tenants with a high credit rating. The largest tenant, Manor AG, represents around 35% of the target rental income, followed by the Canton of Zurich with 15%, NextPharma Logistics GmbH with 12%, Lipo Einrichtungsmärkte AG with 11% and Zamba Fruchtsäfte with 7%.
Income statement financial year 2020
The impact of the COVID-19 pandemic on the HSO Fund's rental income amounted to CHF 0.3 million, representing 4.6% of the Fund's target rental income. This concerned mainly larger tenants, with whom, however, amicable solutions were reached.
Net income reached CHF 5.1 million in the financial year 2020. The fund's operating profit margin was 74.2%, and the average interest rate on debt financing was 0.5%. The valuation of the property portfolio by the independent valuation expert Wüest Partner AG resulted in an unrealized gain of CHF 4.5 million. Total income amounted to CHF 8.3 million.
Balance Sheet per 31 December 2020
CHF 6.00 per share will be distributed in April 2021
* Extended financial year 2020 since initial fund issuance on 29 November 2019
The audited annual report 2020 of the HSO Fund is available on the fund management company's website at www.helvetica.com/en/products/helvetica-swiss-opportunity-fund/publications or also under www.swissfunddata.ch.
All press releases can be found under www.Helvetica.com.
About Helvetica Swiss Opportunity Fund
Ticker Symbol HSO; security 43 472 505; ISIN CH0434725054
End of Media Release
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