Dow Jones received a payment from EQS/DGAP to publish this press release.
EQS Group-Media / 2019-02-25 / 07:38
*Media Release*
*Capital Increase for the HSC Real Estate Fund starts on March 4, 2019*
*Zurich, February 25, 2019 - The capital increase for the Helvetica Swiss
Commercial real estate fund (HSC) begins on March 4, 2019 with up to CHF 75
Million. The proceeds from the issuance will be used for the further
expansion of the high-quality real estate portfolio. *
The fund manager Helvetica Property Investors will carry out a capital
increase of up to CHF 75 million for the HSC fund starting March 4 to 22,
2019 (12.00 CET). Each existing share will be allotted one (1) subscription
right. Four (4) subscription rights entitle to the subscription of one (1)
new share against cash payment. Accordingly, the fund management decided to
issue up to 694'856 new shares. This will increase the total number of
outstanding shares from 2'779'425 to at most 3'474'281. The net issue price
will be CHF 110.66 for each new share of the HSC Fund. The issue price was
calculated according to the fund contract (§17 section 3). The precise
number of newly issued shares will be determined after the end of the
subscription period, based on the number of subscriptions. Payment for the
subscribed new shares will be due on March 28, 2019.
There will be no trading of subscription rights during the issuance.
Subscription rights not exercised during the subscription period expire
worthless and without compensation. The fund management reserves the right,
after the subscription period has expired, to acquire units that have not
been subscribed for and then to place them on the market free of charge
together with the custodian bank or third parties with due diligence. The
goal of the capital increase is to gain additional equity to further expand
and grow the high-quality portfolio.
The fund manager has already secured additional properties for the fund and
is negotiating, in some cases exclusively, the purchase of further
properties with a total volume of around CHF 150 million. This announcement
does not constitute an issuing prospectus according to Article 652a and
Article 1156 of the Swiss code of obligations.
A listing of the HSC Fund on the SIX Swiss Exchange is planned in the course
of 2019. Until then, the fund will continue to be traded OTC through Banque
Cantonale Vaudoise, Lausanne.
*FOR MORE INFORMATION*
Hans R. Holdener
CEO and Managing Partner
Phone + 41 43 544 70 80
E-Mail hrh@helveticaproperty.com
All press releases can be found at www.HelveticaProperty.com [1]
Financial statements are available on the website of the fund manager
http://www.HelveticaProperty.com [1] or www.swissfunddata.ch [2]
*KEY FACTS*
Issue volume Maximum CHF 75 Millionen
Subscription ratio 4:1
Number of existing shares 2'779'425
Number of new shares Maximum 694'856
Offering price per share CHF 110.66 net (including issuing
commission)
Subscription rights trading No subscription rights trading
Subscription period March 4 - March 22, 2019, 12.00 CET
Allocation March 26, 2019
Payment date March 28, 2019
Subscription rights number 45 839 346 / CH458393466
shares
Securities number shares 33 550 793 / CH0335507932
Use of equity proceeds Acquisition of properties in line
with the fund's investment strategy
Fund Manager Helvetica Property Investors AG,
Zurich
Custodian Bank Banque Cantonale Vaudoise, 1001
Lausanne
Auditor PricewaterhouseCoopers AG, Zurich
All relevant documents related to the capital increase can be downloaded as
of now from www.swissfunddata.ch [2] or www.HelveticaProperty.com [1].
*About Helvetica Property Investors AG*
Helvetica Property Investors is an independent partner-owned and managed
real estate fund management company regulated by the Swiss Financial Market
Supervisory Authority FINMA. Helvetica Property Investors offers the full
spectrum of real estate investments, including investment strategies,
investment property selection, deal structuring, acquisitions, financing,
portfolio management and sales. The firm offers both direct and indirect
real estate investments in Switzerland on behalf of its clients. Helvetica
Property Investors acts as fund and asset manager for the Helvetica Swiss
Commercial real estate fund.
/ / / / / /
*About Helvetica Swiss Commercial Real Estate Fund*
The Helvetica Swiss Commercial real estate fund («HSC») and is an open
contractual real estate investment fund under Swiss law open to all
investors. The fund is suited for long-term value investors interested in a
stable and consistent cash-flow. The fund invests in commercial properties
with value appreciation potential across the most dynamic economic regions
in Switzerland. The focus is on potentially undervalued properties with an
attractive cash-flow yield. The fund manager pursues an active hands-on
management approach to unlock and realize hidden potential in the properties
by means of revitalization, renovations, vacancy reductions and lease
extensions. The long-term goal is to build a broadly diversified portfolio
by region, type of use, object size and tenant mix.
*Disclaimer*
This media release (i) does not constitute an issue prospectus within the
meaning of Art. 652a or Art. 1156 of the Swiss Code of Obligations or Art.
27 et seq. of the Listing Rules of the SIX Swiss Exchange nor a prospectus,
simplified prospectus or Key Investor Information Document (KIID) within the
meaning of the Swiss Collective Investment Schemes Act and (ii) may not be
offered to the general public or otherwise made available to the public in
Switzerland or from Switzerland. The documents solely relevant for an
investment decision can be obtained from Helvetica Property Investors AG.
Investments in financial products are associated with various risks,
including the potential loss of invested capital. The price, value and
return of collective investment schemes are subject to fluctuations. Past
performance is not an indicator of future performance and does not guarantee
future success. Helvetica Property Investors AG does not guarantee the
realisation of the expected increases in value. Detailed information on
securities trading and investments in collective investment schemes can be
found in the brochure "Special Risks in Securities Trading" published by the
Swiss Bankers Association. The information contained in this publication has
been obtained from sources believed to be reliable by Helvetica Property
Investors AG. Helvetica Property Investors AG does not, however, give any
express or implied guarantee that the information and elements published are
correct, complete, accurate or up-to-date. Helvetica Property Investors AG
shall not be liable for any loss or damage (direct, indirect or
consequential) caused by or in connection with the distribution of this
document or its contents. The information contained in this document is
subject to change without notice. Neither this media release nor copies
thereof may be sent, taken or distributed in the United States or given to
U.S. persons (within the meaning of Regulation S under the U.S. Securities
Act of 1933, as amended). The same applies to all states and countries in
which such distribution is prohibited.
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=UWAKRMPHIB [3]
Document title: Media Release HSC starts Capital Increase
Issuer: Helvetica Property Investors AG
Key word(s): Real estate
End of Corporate News
Language: English
Company: Helvetica Property Investors AG
Gartenstrasse 23
8002 Zürich
Switzerland
Phone: +41 43 544 7080
E-mail: office@helveticaproperty.com
Internet: www.HelveticaProperty.com
ISIN: CH0335507932
Valor: A2DXEX
Listed: SIX Swiss Exchange
End of News EQS Group Media
780451 2019-02-25
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=213ad5750194aee16a7109422e93d682&application_id=780451&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=62e309910103b91e4e07fa1da35b941e&application_id=780451&site_id=vwd&application_name=news
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(END) Dow Jones Newswires
February 25, 2019 01:38 ET (06:38 GMT)
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