Helvetia (CH) Swiss Property Fund achieves good results and plans a capital increase in 2023

Helvetia Holding AG / Keyword(s): Capital increase
Helvetia (CH) Swiss Property Fund achieves good results and plans a capital increase in 2023
21.07.2022 / 07:00

Press release
Basel, July 21, 2022

Helvetia (CH) Swiss Property Fund recorded a positive performance in the first nine months of its third financial year. Since its launch in June 2020, the real estate fund has reported encouraging price developments. As of June 30, 2022, the premium was 17% and the unpaid rent rate was 2.4%. The fund management is currently planning a second capital increase in the first half of 2023.

Helvetia (CH) Swiss Property Fund has successfully started its third financial year. The unaudited indicative net asset value of the real estate fund amounts to CHF 667 million as of June 30, 2022 (CHF 102.45 per unit). The development of income and property values ​​and the expansion of the portfolio generated an encouraging trend for the fund. Investments focus on high-quality residential buildings in large and medium-sized Swiss cities and their surroundings, but also on mixed-use and commercial buildings.

Good performance and further decline in the rate of non-payment of rents
The price development of fund units in over-the-counter trading was above average, amounting to CHF 120.00 as of June 30, 2022, i.e. a performance of 17.6% since the launch in June 2020. Helvetia (CH) Swiss Property Fund thus outperformed the benchmark SXI Real Estate Funds Broad (SWIIT) index, which posted a performance of 2.6% over the same period. As of June 30, 2022, the premium was 17%. Thanks to active asset management and continued high demand for rental apartments, the already very low default rate was further reduced and as of June 30, 2022 was 2.4% (September 30, 2021: 2.5%).

Capital increase planned for spring 2023
The fund management intends to expand the real estate portfolio over the next few years with quality acquisitions. The fund management is currently planning a capital increase in the first half of 2023. The proceeds of the issue will again be used to purchase a broadly diversified and high-quality real estate portfolio from Helvetia Insurance’s portfolio. The fund currently comprises 39 buildings with a market value of approximately CHF 850 ​​million and will amount after the capital increase to more than CHF 1 billion.

Fund Information

Last name

Helvetia (CH) Swiss Real Estate Fund

Security / ISIN

Denomination: 51383832 / ISIN: CH0513838323

Legal status

Contractual real estate fund under Swiss law

Fund domicile

Swiss

Investor group

Restricted to qualified investors pursuant to Art. 10 par. 3 CISA and art. 10 par. 3ter CISA

Use of income

distributed

Release date

June 3, 2020

The head of finance

Helvetia Asset Management Ltd, Basel

Portfolio Management

Helvetia Asset Management Ltd, Basel

depositary bank

Zurich Cantonal Bank, Zurich

OTC trade

Bank J. Safra Sarasin AG, Zurich

Audit firm

KPMG AG, Zurich

Evaluation expert

Wüest Partner AG, Zurich

About Helvetia Asset Management AG
Helvetia Asset Management AG is subject to the supervision of the Swiss Financial Market Supervisory Authority FINMA and offers fund management and wealth management services. It offers collective investment schemes and is an independent fund manager acting in the interests of its investors. The company is also involved in investment advice and asset management, client representation and transaction management for provident institutions, in particular for real estate portfolios. Helvetia Asset Management AG is headquartered in Basel, Switzerland, and is a wholly owned subsidiary of Helvetia Holding AG, St. Gallen, Switzerland.

Caution
This document has been prepared by Helvetia Asset Management SA and may not be copied, modified, offered, sold or otherwise distributed to any other person by any recipient without the consent of Helvetia Asset Management SA. The German version of this document is decisive and binding. Versions of the document in other languages ​​are made available for informational purposes only. While every reasonable effort has been made to ensure that the facts stated herein are correct and the opinions contained herein are fair and reasonable, where information and statistics are quoted from a external source, such information or statistics should not be construed as having been adopted or endorsed as accurate by Helvetia Asset Management AG. Neither Helvetia Asset Management AG, nor any of its directors, officers, employees and advisers, nor any other person shall be liable in any way for damages resulting, directly or indirectly, from the use of this information. The facts and information contained herein are as current as reasonably possible, but may be subject to revisions in the future. Neither Helvetia Asset Management AG nor any of its directors, officers, employees or advisers nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein.

End of press release

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