Helvetia launches new real estate fund
Wednesday, 04.29.2020
news-single-imgcaption" style="width:240px">The new fund will invest directly in the shares of attractive real estate companies in Switzerland. (Keystone)
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Helvetia launched a new real estate investment fund through its subsidiary active in asset management. Called Helvetia (CH) Swiss Property Fund and reserved for qualified investors, it will be open for subscription from May 6 to 27 and will launch on June 3.
The new fund will invest directly in the shares of attractive real estate companies in Switzerland, mainly in large and medium-sized cities and their agglomerations, writes Helvetia on Wednesday. The major part of the portfolio will be invested in residential buildings, supplemented by surfaces for mixed and commercial use.
The portfolio will mainly consist of transactions from the Helvetia insurance portfolio, which will provide the fund with stable rental income from day one. In addition, selective purchases could also be made on the market. The issue volume is expected to be around 450 million francs. The Helvetia group intends to invest in the new fund.
The proceeds of the issue will be used to acquire a diversified property portfolio comprising 29 properties, with a total value of more than 532 million francs. (awp)
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