Helvetica increases capital of Helvetica Swiss Living Fund
Helvetica Capital AG is increasing the capital of its Helvetica Swiss Living Fund to up to 38 million francs. The real estate investment provider intends to use the additional equity to buy 300 apartments.
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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.
