EQS Group-Media / 2020-08-14 / 06:45
*Press release *14 August 2020
*Successful acquisition of a special pharmaceutical logistics property by
Helvetica Swiss Opportunity Fund - further investment properties in the
final phase of the acquisition review*
Zurich, 14 August 2020 - As planned, the fund management company Helvetica
Property was able to transfer a special logistics property purchased in
November 2019 to the Helvetica Swiss Opportunity Fund (HSO Fund). The
property, which was newly constructed in 2020 by Methabau, has a market
value of around CHF 15.2 million and is fully let to a European
pharmaceutical logistics company on a long-term 15-year lease agreement.
The property with 5,900 square meters of lettable space is let to NextPharma
Logistics GmbH. The company will use the building as a pharmaceutical
distribution warehouse for Switzerland. The annual rental income amounts to
approximately CHF 0.7 million and the lease agreement runs without break
option until 2035.
As originally planned, the building was completed and handed over to the
tenant in July 2020. This meant that there was nothing to hinder the
takeover by the HSO Fund. As agreed in the contract, the property was
transferred to the portfolio of the Helvetica Swiss Opportunity Fund on 10
August 2020 with effect on income upon payment of the remaining purchase
price.
The portfolio value of the HSO Fund thus increases to around CHF 66 million.
The fund management company is working on the acquisition of further
properties, which will further improve the diversification of the fund
launched in November 2019.
The fund management company expects a positive result for the first half of
2020. The revaluation result will be positive. The detailed semi-annual
report 2020 for the Helvetica Swiss Opportunity Fund will be published on 31
August 2020.
Based on the provisional good result, despite the COVID-19 related
restrictions, and the positive assessment for the current half year, as well
as the assumption that further attractive properties can be purchased in Q4
2020, the fund management company currently expects a dividend distribution
for the 2020 financial year in the range of CHF 4.50 to 4.75 per fund share.
*Media contact*
Michael Müller
Chief Executive Officer
T +41 43 544 70 80
mm@Helvetica.com
Frederic Königsegg
Chief Investment Officer
+41 43 544 70 83
fk@Helvetica.com
All press releases can be found under
www.Helvetica.com [1]
*About Helvetica*
Helvetica Property is a leading Real Estate Fund and Asset Management firm.
We deliver sustainable value to our clients through active, long-term
ownership of safe and stable real estate investments. With a fully
integrated real estate investment platform, we can provide both standardized
investment products and customized investment plans. We are proud of our
longstanding reputation for outstanding client service and dedication to
responsible ownership. Our Firm is approved and regulated by the Swiss
Financial Market Supervisory Authority FINMA.
*Helvetica Swiss Opportunity Fund*
The HSO Fund is a Swiss real estate fund open exclusively to qualified
investors. The HSO Fund invests in special purpose properties in the Swiss
economic centres. The focus is on fully let properties with long-term leases
and few tenants generating stable income. The investment objective is mainly
the long-term preservation of value and the distribution of reasonable
profits. The fund shares units can be traded over the counter through Bank
J. Safra Sarasin. The HSO Fund is approved by the Swiss Financial Market
Supervisory Authority, FINMA.
Ticker Symbol HSO; security 43472505; ISIN CH0434725054.
Additional features:
File: Media Release (PDF) [2]
Issuer: Helvetica Property
Key word(s): Real estate
End of Corporate News
Language: English
Company: Helvetica Property
Brandschenkestrasse 47
8002 Zürich
Switzerland
Phone: +41 43 544 7080
E-mail: office@helvetica.com
Internet: www.Helvetica.com
ISIN: CH0434725054
Valor: 43472505
EQS News ID: 1117975
End of News EQS Group Media
1117975 2020-08-14
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2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=feb505922dd88d026ee29922557c7618&application_id=1117975&site_id=vwd&application_name=news
(END) Dow Jones Newswires
August 14, 2020 00:45 ET (04:45 GMT)
