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Successful launch of the Helvetia (CH) Swiss Property Fund

The initial offering of the Helvetia (CH) Swiss Property Fund met with widespread interest from investors. The issue resulted in capital of CHF 450 million for the fund.
29.05.2020 | Media release
A real estate fund has been issued under Swiss law by Helvetia Asset Management AG for the first time with the Helvetia (CH) Swiss Property Fund. The initial offering on a best-effort basis met with widespread interest. It comprised 4,500,000 shares at an issue price of CHF 102.00 per share. Payment will take place on 3 June 2020.
The issue proceeds will be used to acquire a high-quality and 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.
Attractive cash flow return as investment objective
The portfolio will be built up primarily through further portfolio transactions from the insurance portfolio of Helvetia Insurance. 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.
Fund management expertise with strong partners
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. Zürcher Kantonalbank will act as the custodian bank. The valuation expert will be Wüest Partner AG. 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
Helvetia (CH) Swiss Property Fund
Security: 51383832/ISIN: CH0513838323
Legal form
Contractual real estate fund under Swiss law
Fund domicile
Investor group
Limited to qualified investors pursuant to article 10 para. 3, 3bis and 3ter CISA
Income use
3 June 2020
Fund manager
Helvetia Asset Management AG, Basel
Portfolio management
Helvetia Asset Management AG, Basel
Custodian bank
Zürcher Kantonalbank, Zurich
OTC trading
Bank J. Safra Sarasin AG, Zurich
Audit firm
KPMG AG, Zurich
Valuation expert
Wüest Partner AG, Zurich
The fund agreement can be found at www.swissfunddata.ch or www.helvetia-am.ch.

Contact information
Susanne Tengler
Head of Investor Relations
Phone: +41 58 280 57 79