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Tag: Helvetica Swiss Living Fund

  • 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.

  • 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.