Increase in net asset value and high dividend yield
Last year the net asset value per unit increased by 5.5% from CHF 98.03 to CHF 103.40. The market value of the properties rose by around CHF 12.2 million (2.3%). After the decision not to distribute accrued income in the short first financial year, the initial distribution per unit was set at CHF 3.55. Based on the over-the-counter price of CHF 126.00 per unit, this represents a dividend yield of 2.8% as at the end of the 2021 financial year.
Further expansion of real estate portfolio planned
The fund management company intends to expand the real estate portfolio substantially in the 2022 financial year. To this end, it is planning a new capital increase of approximately CHF 200 million as at end March 2022. The proceeds of the issue will again be used to purchase a broadly diversified real estate portfolio with a high residential component from Helvetia Group’s portfolio. A listing on SIX Swiss Exchange is planned in one to three years.
|Name||Helvetia (CH) Swiss Property Fund|
|Security / ISIN||Security: 51383832 / ISIN: CH0513838323|
|Legal form||Contractual real estate fund under Swiss law|
|Investor group||Limited to qualified investors pursuant to Art. 10 para. 3 CISA and Art. 10 para. 3ter CISA|
|Launch date||3 June 2020|
|Fund manager||Helvetia Asset Management Ltd, Basel|
|Portfolio management||Helvetia Asset Management Ltd, Basel|
|Custodian bank||Zürcher Kantonalbank, Zurich|
|Over-the-counter trading||Bank J. Safra Sarasin AG, Zurich|
|Audit firm||KPMG AG, Zurich|
|Valuation expert||Wüest Partner AG, Zurich|