immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Helvetica

  • Helvetica plans capital increase for the Helvetica Swiss Living Fund

    Helvetica plans capital increase for the Helvetica Swiss Living Fund

    The capital increase enables investors to invest in the residential fund with one of the highest distribution yields of all Swiss residential funds. The fund management considers this an extremely attractive window of opportunity to enter the undervalued Swiss residential market.

    Investments are made in the most attractive regions
    The HSL Fund invests in easily accessible regional economic centres with a rapidly growing population and good public transport connections. According to the latest study “Transaction Market Switzerland, Outlook 2023” by JLL, 46 per cent of the investors surveyed expect the best risk/return ratio in the residential sector to be in precisely these locations. The aim is to invest for the most part at attractive yields that improve the portfolio ratios. Priority acquisition criteria are properties with low rent ratios, ideally around 30 percent, and gross yields of over 4 percent. Helvetica’s large network ensures access to the best purchase opportunities.

    Market rents will rise sharply
    Record population growth, inflation and the strong demand for housing will inevitably lead to rising rents. Accordingly, the Helvetica Swiss Living Fund is ideally positioned for an increase in market rents thanks to its low rent levels. Thanks to the natural tenant fluctuation of around 15 percent per year, the existing rents can be successively adjusted to market rents and inflation. With a rent quantile of currently 39 percent, the level of rents is in the lowest price segment and thus ensures a very high payout capacity in the long term. Swiss residential real estate is thus very crisis-resistant and offers stable cash flow and long-term value appreciation.

    One of the highest-distributing residential funds
    Helvetica has repeatedly demonstrated that it can generate sustainable growth even in a difficult market environment. The Helvetica Swiss Living Fund grew by 63 percent in the 2022 financial year and, with a real estate portfolio of over CHF 818 million and 1,850 first-class flats, is one of the largest unlisted residential funds in Switzerland. For the 2022 business year, a distribution of CHF 3.45 per unit could be made, which represents an increase of 1.5 percent compared to the previous year.

    Outlook
    For the 2023 financial year, the fund management aims to increase the distribution by a further 5 centimes compared to the previous year and is targeting CHF 3.50 per fund unit.

  • Helvetica plans capital increase

    Helvetica plans capital increase

    The subsidiary of Zurich-based Helvetica Property Group AG announced in a press release that Helvetica Property Investors are planning to increase the capital of their Helvetica Swiss Living Fund by around CHF 130 million. The new notifications are intended to be used for the acquisition of residential properties. Helvetica is currently examining the purchase of corresponding properties with a total value of almost CHF 330 million, explains the company, which specializes in real estate fund management and asset management services.

    The capital increase is to be carried out in mid-April. Conditions and further details will be communicated by Helvetica at the beginning of April, “just before the start of the subscription period”. The Helvetica Swiss Living Fund is aimed at qualified investors and is traded over the counter. Bank J. Safra Sarasin is responsible for over-the-counter trading. She will also play a leading role in the capital increase.

  • Portfolio value of the HSC Fund slightly higher than in the previous year

    Portfolio value of the HSC Fund slightly higher than in the previous year

    The acquisitions from the previous year contributed to earnings for the whole year for the first time. This led to an 8.2% increase in rental income from CHF 38.8 million to CHF 42.0 million. The market value of the real estate portfolio increased by 0.8% to CHF 750 million at the end of the previous year. This increase in market value was mainly achieved through letting successes and dedicated asset management. Due to various acquisitions in the 2020 financial year and the associated one-off increases in value, last year’s investment return was 6.9%. Since there were no acquisitions in 2021, correspondingly fewer revaluations were achieved with slightly higher net returns, resulting in an investment return of 5.4% in 2021.

    As of December 31, 2021, the fund comprised 35 properties with a total rentable area of over 300,000m2. Further information on the HSC Fund can be found in the factsheet as of December 31, 2021. The annual report will be published on March 15, 2022.

  • Helvetica increases capital of Helvetica Swiss Living Fund

    Helvetica increases capital of Helvetica Swiss Living Fund

    Zurich-based Helvetica Capital AG is issuing new shares in the Helvetica Swiss Living Fund at CHF 109.68 each between May 10 and 26. With this, the company wants to generate additional equity. This is what she needs to buy 300 apartments worth a total of 130 million francs in the Zurich area and the Lake Geneva region, according to a media release .

    This means that the fund will grow to more than 800 apartments, which is intended to improve the diversification and distribution potential of the real estate investment. The purchase is planned for immediately after payment of the capital increase on May 31st.

    In total, a maximum of 342,789 new shares will be issued. This increases the number of shares in circulation from 1,371,155 to a maximum of 1,713,944. There is no trading in subscription rights for shareholders.