EQS Group-Media / 2019-10-07 / 09:21
*Media Release*
*Helvetica Swiss Commercial Fund's Portfolio close to 600 million Swiss
francs - Listing in fourth quarter of 2019*
*Zurich, 07. October 2019 - Since 30 June 2019, the Fund Management company
Helvetica Property has acquired a total of five additional properties for
the Helvetica Swiss Commercial Fund (HSC Fund) with a total volume of around
106 million Swiss francs.*
The portfolio grows hereby to 30 properties with a market value of approx.
584 million Swiss francs. The newly acquired properties are located in
economically strong suburban areas. Two of the properties located in the
canton of Berne, one in central Switzerland in the canton of Lucerne and the
other two in the cantons of St. Gallen and Thurgau. This will further
promote the fund's geographical diversification.
The weighted gross actual yield of the acquired properties is around 5.7%,
with one of the properties being let with a long-term triple net lease
agreement. The top-quality properties have an attractive mix of tenants and
uses in the areas of offices, sales, production and storage space. On a
leasable area of more than 52,000 square meters, almost 6 million Swiss
francs of actual rent are generated per year. The market value of the newly
acquired properties is almost 106 million Swiss francs.
The properties have a weighted occupancy ratio of 98% and are therefore
practically fully let. The weighted lease term of the properties amounts to
around 5.5 years and is thus above the previous average of the existing
portfolio.
The listing of the HSC Fund on the SIX Swiss Exchange is planned for in the
fourth quarter. The HSC Fund will be listed in the "SXI Real Estate Broad"
and "SXI Real Estate Funds Broad". In the coming months, the Fund Management
company aims to acquire further attractive properties. The focus of future
acquisitions will be on diversifying the portfolio further and strengthening
the fund's ability to distribute dividends.
"CIO Frederic Königsegg, who has worked with the HSC Fund since its launch,
_says: "In a highly competitive market, we have quickly succeeded in
creating a sizeable portfolio with an excellent yield. The fact that our HSC
Fund today has a very low vacancy rate speaks for the attractiveness of the
properties and the quality of their location_".
CEO Hans R. Holdener adds: "_Our recent acquisitions prove that there are
always investment opportunities, even in a challenging environment. In the
future, we will continue to concentrate on identifying these investment
opportunities and assessing them rigorously. In this way, we will continue
to grow further on a selective basis and in line with our strategy_."
*KEY FACTS*
Location Ittigen Triengen Lyssach Rorschach Bischofszell
St.
Canton Berne Lucerne Berne Gallen Thurgau
Tenants 1 1 5 15 21
Usage Office,
Leisure, Industrial,
Industrial, Retail, Commercia Commercial,
Office Commercial Storage l, Office Storage
Year
built/reno 1928 /
vated 1989 1993 / 2008 2006 2010 1938 / 2011
Leasable
area m2 6 593 6 880 7 152 8 020 23 706
4.75 4.78 2.34
WAULT years 10 years years years 5.75 years
Occupancy
rate 100% 100% 91.75% 100% 100%
Market CHF 28.0 CHF 17.5 CHF 27.5 CHF 14.2 CHF 18.5
value Mill. Mill. Mill. Mill. Mill.
Gross rent CHF 1.6 CHF 1.0 CHF 1.5 CHF 0.7
p.a. Mill. Mill. Mill. Mill. CHF 1.2 Mill.
*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*
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.
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=XJNXWXWOAV [2]
Document title: Media release - The HSC Fund acquires further properties
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: 885991
End of News EQS Group Media
885991 2019-10-07
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=213ad5750194aee16a7109422e93d682&application_id=885991&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=f36b4ed9b2a611dd11c33a2a77dce376&application_id=885991&site_id=vwd&application_name=news
(END) Dow Jones Newswires
October 07, 2019 04:13 ET (08:13 GMT)
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