I am interested in
?
The “Search” function is not available at the moment, please try again later.
Please get in contact with us. To contact form
Media release
Financial information
Real estate & investments

First issue of Helvetia (CH) Swiss Property Fund: Subscription period from 6 to 27 May 2020

The launch of Helvetia (CH) Swiss Property Fund is scheduled for 3 June 2020. Qualified investors may subscribe for units in the Fund from 6 to 27 May 2020, 12:00 noon. The relaunch enables entry at the net asset value (NAV) into a broadly diversified real estate portfolio with a high residential component, very low vacancy rates and stable rental income
29.04.2020
media-releases-fallback-image-01.jpg
With Helvetia (CH) Swiss Property Fund, investors have the opportunity for the first time to participate in a real estate fund of Helvetia Asset Management AG. This Fund will invest directly in attractive real estate assets in Switzerland, mainly in large and mid-sized towns and cities and their conurbations. The portfolio will for the most part be invested in residential properties, supplemented by mixed-use and commercial properties.
 
Attractive cash flow return as investment objective
The portfolio will be built up primarily through portfolio transactions from the insurance portfolio of Helvetia Swiss Insurance Company Ltd, which will provide the Fund with stable rental income from day one. Selective purchases can also be made on the market. The investment objective of the Helvetia (CH) Swiss Property Fund is to ensure an attractive long-term cash flow return.
 
The initial issue is aimed exclusively at qualified investors and will have a volume of up to CHF 450 million. The relaunch enables entry at the net asset value (NAV). The Helvetia Group will also invest in the Fund. The issue proceeds will be used to acquire a broadly diversified real estate portfolio with 29 properties and a total value of around CHF 532 million from Helvetia Swiss Life Insurance Company Ltd, Basel.
 
Focus on cities or regional centres
The property portfolio to be acquired consists of 23 residential properties and six mixed-use residential and commercial properties in and within close proximity to major cities or in regional centres. Geographically, the properties are spread over the regions of Northwestern Switzerland (28% of market value), Zurich (19%), Lake Geneva (18%), Eastern Switzerland (10%), Central Switzerland (9%), Bern (7%), Western Switzerland (7%) and Southern Switzerland (3%). The portfolio has a high residential component of 83% of the target rental income and a very low vacancy rate of only 3.3% as of mid-April 2020.
 
The fund manager for the Helvetia (CH) Swiss Property Fund will be Helvetia Asset Management AG. Helvetia Insurance will continue to provide property management and fiduciary construction services. The custodian bank and distributor is Zürcher Kantonalbank. Following the launch of this Fund, Bank J. Sarasin Ltd will ensure OTC trading. A listing on SIX Swiss Exchange is planned in three to five years.
 
 
Fund information
 
Name
 
Helvetia (CH) Swiss Property Fund
 
 
Security / ISIN
 
Security: 51383832 / ISIN: CH0513838323
 
 
Legal form
 
Contractual real estate fund under Swiss law
 
 
Fund domicile
 
Switzerland
 
 
Investor group
 
Limited to qualified investors pursuant to article 10 para. 3, 3bis and 3ter CISA
 
 
Investment period
 
Unlimited
 
 
Fund currency
 
CHF
 
 
Income use
 
Distributing
 
 
Financial year
 
1 October to 30 September
(shortened first financial year: 3 June to 30 September 2020)
 
 
Issue volume
 
4,500,000 units maximum
 
 
Issue type
 
The issue will be carried out on a best-effort commission basis as part of a placement in Switzerland.
 
 
Subscription period
 
The subscription period lasts from 6 to 27 May 2020,
12:00 noon (CEST).
 
 
Allocation
 
Allocation is expected to be announced on 29 May 2020.
 
 
Designated allocations at third-party conditions
 
  • Helvetia Swiss Insurance Company Ltd, St Gallen:
    up to CHF 30 million
  • Helvetia Swiss Life Insurance Company Ltd, Basel:
    up to CHF 10 million
  • Helvetia Insurance Pension Fund, St Gallen:
    Up to CHF 40 million
 
 
Payment
 
3 June 2020
 
 
Delivery of units
 
Through SIX SIS AG
 
 
Issue price and
issuing commission
 
CHF 102 net per unit including 2.00% issuing commission in favour of the fund managers, custodian bank and/or distributor
 
 
Use of issue proceeds
 
The issue proceeds will be used to purchase a real estate portfolio with 29 properties and a total value of around CHF 532 million from Helvetia Life Insurance Company Ltd, Basel.
 
 
Fund manager
 
Helvetia Asset Management AG, Basel
 
 
Portfolio management
 
Helvetia Asset Management AG, Basel
 
 
Custodian bank
 
Zürcher Kantonalbank, Zurich
 
 
OTC trading
 
J. Safra Sarasin Bank, Basel
 
 
Audit firm
 
KPMG AG, Zurich
 
 
Valuation expert
 
Wüest Partner AG, Zurich
 
 
Distribution
 
Zürcher Kantonalbank, Zurich
 
 
The issue prospectus can be found on www.swissfunddata.ch or www.helvetia-am.ch.

Contact information
Analysts
Susanne Tengler
Head of Investor Relations
 
Phone: +41 58 280 57 79
investor.relations@helvetia.ch

Media
Jonas Grossniklaus
Senior Manager Corporate Communications & PR

Phone: +41 58 280 50 33
media.relations@helvetia.ch