Helvetica plans capital increase
Helvetica Property Investors AG wants to increase the capital of its Helvetica Swiss Living Fund by a further CHF 130 million. The new funds are to be used to purchase residential real estate.
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.