EQS Group-News: Helvetica Property / Keyword (s): Funds / Real Estate HSL Fund launches a capital increase of around CHF 120 million 2021-11-12 / 07:01
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Press release November 12, 2021
Press release (PDF)
Helvetica Property Investors AG will carry out a capital increase of up to CHF 117.5 million for the HSL fund from November 16 to December 2, 2021, 12:00 a.m. CEST. Each existing share will be allocated one (1) subscription right. Five (5) subscription rights give the right to subscribe for three (3) new shares against payment of the issue price in Swiss francs. A maximum of 1,028,366 new shares will be issued. The number of shares in circulation will increase from 1,713,944 to a maximum of 2,742,310 shares. The issue price amounts to CHF 114.24 net per new share and was determined in accordance with the fund contract (§ 17 para. 3). The exact number of newly issued shares will be determined after the end of the subscription period, depending on the number of subscriptions received. There will be no negotiation of subscription rights. Subscription rights that have not been exercised during the subscription period will expire without value after December 2, 2021 at 12:00 p.m. CEST. Payment for the new shares subscribed will be due on December 6, 2021.
The funds from the capital increase are intended for the already guaranteed purchase of 16 well-located buildings with more than 287 apartments with a value of CHF 143 million. The portfolio is divided between the cantons of Basel-City (31%), St. Gallen (33%), Thurgau (10%) and Zurich (26%). Thanks to the acquisitions, the fund grows to more than 1,000 apartments in attractive locations in Switzerland. The purchase of the buildings should take place immediately after the payment of the capital increase and represents a further important step in view of the planned listing of the HSL fund on the SIX Swiss Exchange by the end of 2022. For the financial year 2021, the fund management plans to increase profit distribution by 10% year-on-year to CHF 3.40 per share.
Zürcher Kantonalbank is acting as lead manager in this transaction. Fund units are traded over-the-counter by Bank J. Safra Sarasin SA.
This announcement does not constitute an issue prospectus within the meaning of article 35 ff. of the Financial Services Act.
Media contacts
Mirjam Nägeli Salman Baday Media Relations Head Sales & Marketing T +41 43 444 77 92 +41 43 544 70 95 [email protected] [email protected] Details of the capital increase Issue volume Maximum CHF 117.5 million Subscription ration 5:3 Number of existing shares 1'713'944 Number of new shares Maximum 2'742'310 Issue price per share CHF 114.24 net (including issuing commission) Subscription rights trading No subscription rights trading Subscription period 16 November 2021 - 02 December 2021, 12.00 Noon CEST Allocation December 02, 2021 Payment date December 06, 2021 Shares valor number / ISIN / Symbol 49 527 566 / CH0495275668 / HSL Subscription rights valor number / ISIN 113380062 / CH1133800628 / HSL1 Use of proceeds Investments in residential real estate in line with investment strategy Fund management company Helvetica Property Investors AG, Zürich Custodian Bank Bank J. Safra Sarasin AG, Basel Real estate valuation experts Wüest Partner AG, Zurich Auditors PricewaterhouseCoopers AG, Zurich Lead Manager Zürcher Kantonalbank, Zurich
All relevant documents regarding the capital increase can be found on the website of the fund management company or under Swiss Fund Data.
Zurich, November 12, 2021 – The fund management company is launching a capital increase for Helvetica Swiss Living Fund for a maximum amount of CHF 117.5 million for the purchase of 16 buildings with a value of CHF 143 million.
About Helvetica Helvetica Property Investors AG is one of the leading real estate fund management and asset management companies. We deliver lasting 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 are able to provide both standardized investment products and personalized investment plans. We pride ourselves on our long-standing reputation for exceptional customer service and dedication to responsible ownership. Our firm is authorized and regulated by the Federal Financial Market Supervisory Authority FINMA
About Helvetica Swiss Living Fund The HSL Fund is a Swiss real estate fund open exclusively to qualified investors. The HSL fund invests in residential real estate throughout Switzerland, mainly where regional and national economic centers are easily accessible. The fund’s investment objective is on older and newer properties with stable and sustainable income. The investment objective is primarily to preserve the long-term value of the fund and to distribute reasonable profits. Fund units can be traded over-the-counter. The HSL fund is authorized by the Swiss Financial Market Supervisory Authority, FINMA.
HSL ticker symbol; Value 49,527,566; ISIN CH0495275668
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End of press release
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Language: English
Company: Helvetica Property
Brandschenkestrasse 47
8002 Zürich
Switzerland
Phone: +41 43 544 7080
E-mail: [email protected]
Internet: www.Helvetica.com
ISIN: CH0434725054
Valor: 43472505
Listed: SIX Swiss Exchange
EQS News ID: 1248550
End of News EQS Group News Service
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1248550 2021-11-12
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November 12, 2021 01:01 ET (06:01 GMT)
