HSL Fund launches a capital increase of around CHF 120 million

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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)

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