EQS Group-Media / 2019-10-03 / 08:22
*Media Release*
*Successful Capital Increase of the HSC Fund*
*Zurich, 3. October 2019 - The Fund Management company announces that the
capital increase of Helvetica Swiss Commercial Fund (HSC Fund) was
oversubscribed multiple times and was thus successfully completed. The issue
proceeds amount to around CHF 99 million.*
The capital increase carried out from 9 to 20 September for the HSC Fund was
met with strong interest among investors leading to a multiple significant
oversubscription. In addition to subscriptions by existing investors, new
investors were also included in the group of investors. The capital increase
was carried out on a commission basis (best effort basis) as part of a
subscription offer in Switzerland. During the subscription period, there was
no official trading of subscription rights. With a subscription ratio of
four to one, 868,570 shares were subscribed at an issue price of CHF 114 per
share within the subscription period which expired on 20 September 2019.
This brings the total number of outstanding shares to 4,342,851, which are
now being traded OTC by Bank J. Safra Sarasin. The bank's Real Estate Hub
has many years of profound experience in the indirect real estate market.
In line with the investment strategy of the HSC Fund, the proceeds from the
issue will be invested in attractive properties in Switzerland in order to
further expand the portfolio.
The listing of the HSC Fund on the SIX Swiss Exchange announced in 2016 is
approaching and is scheduled for the fourth quarter of 2019. The listing
will allow investors to benefit from increased liquidity and standardised
trading of their fund shares. The HSC Fund will be listed in the "SXI Real
Estate Broad" and "SXI Real Estate Funds Broad".
All relevant documents relating to the capital increase can be obtained at
www.HelveticaProperty.com [1] or www.swissfunddata.ch [2]
*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]
*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 Fund*
The Helvetica Swiss Commercial Fund (HSC Fund) 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.
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=CLQGKAROFW [3]
Document title: Successful Capital Increase of the HSC Fund
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
EQS News ID: 884879
End of News EQS Group Media
884879 2019-10-03
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=213ad5750194aee16a7109422e93d682&application_id=884879&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=62e309910103b91e4e07fa1da35b941e&application_id=884879&site_id=vwd&application_name=news
3: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=5c8e24e4295aa7c192b180ca316e5112&application_id=884879&site_id=vwd&application_name=news
(END) Dow Jones Newswires
October 03, 2019 02:23 ET (06:23 GMT)
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