Helvetia Asset Management plans second capital increase of Helvetia (CH) Swiss Property Fund for the acquisition of a real estate portfolio

17 February 2023

The fund management company is considering the purchase of a geographically diversified property portfolio with a market value of CHF 229.5 million. To finance this transaction, the fund management company is planning a capital increase of around CHF 170 million as of March 28, 2023.

In line with the growth strategy of the Helvetia (CH) Swiss Property Fund, Helvetia Asset Management AG is examining the acquisition of eight high-quality properties from the portfolio of Helvetia Schweizerische Lebensversicherungsgesellschaft AG worth CHF 229.5 million Transaction granted an exemption pursuant to Art. 63 Para. 4 CISA from the ban on takeover and assignment pursuant to Art. 63 Para. 2 CISA.

To finance the acquisition of the properties, the fund management company plans to issue new shares in the amount of around CHF 170 million as of March 28, 2023. The purchase of the real estate portfolio gives existing and new investors in the Helvetia (CH) Swiss Property Fund the opportunity to participate in the growth of a profitable investment vehicle. The portfolio to be acquired consists of eight core/core plus properties in seven cantons and is characterized by a property and location quality that is tailored to the fund’s investment strategy with high income and value stability. The Helvetia (CH) Swiss Property Fund is thus continuing its growth based on the communicated strategy with a focus on quality.

The Helvetia (CH) Swiss Property Fund is a contractual investment fund of the real estate fund type for qualified investors in accordance with Art. 10 Para. 3 and 3ter CISA, which was launched on June 3, 2020. As of September 30, 2022, the fund’s property portfolio consists of 39 properties with a market value of CHF 862.8 million. After the capital increase, the market value of the property portfolio will be around CHF 1.1 billion. The fund will thus meet the requirements for a successful listing on the SIX Swiss Exchange. This goal, which was declared before the fund was launched, is expected to follow a further capital increase.

The exact terms of the planned capital increase will be published in good time.

Source: Helvetia