2020

09.03.2020 – Helvetia Holding AG

Helvetia launches a Swiss real estate fund with a high proportion of residential property

Media release

Basel, 9 March 2020

Helvetia launches a Swiss real estate fund with a high proportion of residential property

Helvetia Asset Management AG is launching the Helvetia (CH) Swiss Property Fund, a contractual Swiss real estate fund. This fund gives qualified investors the opportunity to invest, together with Helvetia, in building up a high-quality Swiss real estate portfolio with a large proportion of residential property. The first issue is planned for mid-April 2020.

Helvetia Asset Management AG is launching its first real estate fund: Helvetia (CH) Swiss Property Fund. This fund will invest directly in real estate assets in Switzerland, mainly in large and mid-sized towns and cities and their conurbations. Investments will focus on residential properties, supplemented by commercial and mixed-use properties.

The portfolio will be built up principally through transactions from the insurance portfolio held by Helvetia Insurance, with some additional purchases being made on the market. The investment objective of the Helvetia (CH) Swiss Property Fund is to ensure an appropriate 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. Helvetia Group will be among the investors. The proceeds of the issue will be used to purchase a broadly diversified real estate portfolio with a total value of CHF 532 million from the Helvetia Group’s portfolio. The portfolio comprises 29 properties with a high proportion of residential properties and low vacancy rates. The subscription period runs from 23 March to 9 April 2020, and the issue date will be 15 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. Safra Sarasin Ltd will ensure OTC trading. A listing on SIX Swiss Exchange is planned in three to five years.


This media release can also be found on the website at www.helvetia-am.ch.

For further information please contact:

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

About Helvetia Asset Management AG

Helvetia Asset Management AG is regulated by the Swiss Financial Market Supervisory Authority, FINMA, and provides fund management and asset management services. It offers collective investment schemes and is an independent fund manager operating in the interests of its investors.

Helvetia Asset Management AG has its registered office in Basel, Switzerland, and is a wholly owned subsidiary of Helvetia Holding AG, St. Gallen, Switzerland.

Disclaimer
The real estate fund referred to in this media release is exclusively for qualified investors within the meaning of Article 10(3) 3bis to 3ter of the Swiss Act on Collective Investment Schemes (CISA). The information on the real estate fund is intended exclusively as information and does not constitute legal, tax or financial advice, nor is it an offer or a recommendation to buy or sell investment instruments or other financial services or a solicitation or invitation to submit an offer. The sole binding basis for the purchase of or subscription to fund units is the fund agreement, including the appendix, and the latest annual report. These documents can be obtained free of charge from the fund manager, Helvetia Asset Management AG, Steinengraben 41, 4002 Basel, Switzerland, the distributor, Zürcher Kantonalbank, Bahnhofstrasse 9, 8001 Zurich, Switzerland, or the custodian bank, Zürcher Kantonalbank, Bahnhofstrasse 9, 8001 Zurich, Switzerland.

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