Helvetica: Fund merger completed
The Helvetica Swiss Opportunity real estate fund has been merged with the larger Helvetica Swiss Commercial fund as planned.
As planned, the fund management company Helvetica Property Investors has delisted its Swiss Opportunity Fund (HSO) from the SIX Swiss Exchange and merged it with the Helvetica Swiss Commercial (HSC) fund. The first day of trading of the combined real estate fund on the Zurich Stock Exchange was June 23. The audited exchange ratio is based on the net asset values (NAV) of the two funds as at April 30 and is exactly one HSO unit for 0.8967 HSC units.
The combined Helvetica Swiss Commercial holds 36 properties worth around CHF 747 million. It invests in purely commercial properties in predominantly suburban locations in German-speaking and French-speaking Switzerland. The types of use include commercial, production, light industrial, office and retail. According to the fund's profile, the focus is on "long-term asset preservation and stable distributions". The presentation of the semi-annual report has been announced for the end of August. (aw)
