EQS Group-News: Helvetica Property / Key word(s): Funds/Real Estate
Press release 28 May 2021
The capital increase carried out from 10 May to 26 May 2021 for the HSL Fund (ISIN CH0495275668) was successfully completed with proceeds of CHF 37.6 million. The capital increase was significantly oversubscribed and the number of investors was expanded. A total of 342,789 new shares are issued at an issue price of CHF 109.68 net per share. The number of outstanding shares after the capital increase amounts to 1,713,944. Payment date for the new shares will be 31 May 2021.
The capital increase was carried out on a commission basis (best effort basis) as part of a rights offering in Switzerland. With the proceeds from the capital increase, the fund management company can execute the already secured purchase of residential properties with over 300 apartments in attractive locations valued at approximately CHF 130 million and further expand the existing, high-quality property portfolio of the HSL Fund.
Salman Baday, Head Sales Switzerland, says: 'The success of the capital increase and the high demand from investors demonstrate the confidence in our investment strategy. We were able to broaden the investors base in the HSL Fund significantly and, with the purchase of the residential real estate portfolio, increase the fund's geographical diversification and earnings potential.'
The listing of the fund on the SIX Swiss Exchange is planned until the end of 2022. The fund shares are currently traded over-the-counter by Bank J. Safra Sarasin Ltd. Shares can also be purchased at all Swiss banks.
Zurich, 28 May 2021 - The capital increase of the residential real estate fund Helvetica Swiss Living Fund (HSL Fund) was completed successfully. The fund will receive proceeds in the amount of approximately CHF 38 million.
About Helvetica Swiss Living Fund
Ticker Symbol HSL; Valor 49 527 566; ISIN CH0495275668
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