Immo Helvetic significantly increases overall success
The real estate fund is benefiting from revaluations, but is also making operational gains and is planning its next capital increase.
The Immo Helvetic fund managed by Berninvest increased its total fund assets by CHF 5 % to CHF 1.76 billion in the 2024 financial year. Total income improved by CHF 16.8% to CHF 59.5 million, which also includes revaluations of CHF 15.5 million. For the valuation, the average weighted capitalization rate was reduced to 3.18 %. The performance of the units was 22.95% and thus above the Swiit benchmark index (17.59 %).
The fund can also report operational improvements: Net rental income climbed by CHF 5.9% to CHF 64.5 million and the rental loss rate shrank to CHF 4.76%. Net income increased from CHF 37.8 million to CHF 38.6 million.
Realized capital gains from transactions
The fund has acquired the Prairie 3 site in the Ancienne Papeterie quarter in Marly (FR) and the Guntenbachstrasse 15 and 21 commercial property in Schwerzenbach (ZH). The Schwerzenbach site will be converted into a residential area, according to the statement. In addition, the existing properties Im Grund 16 in Baden-Dättwil and Eichelackerstrasse 29-33/Steinstrasse 52-54 in Adlikon were acquired.
Proceeds from sales in the financial year totalled CHF 19.7 million and resulted in a realized capital gain of CHF 5.4 million. Holzgasse 37/39 in Schönbühl (BE), Seedorfweg 21/23 in Münchenbuchsee (BE) and Frutigenstrasse 61c/d/g/h in Thun (BE) were sold.
Next issue in sight
The fund management company has also announced that the issue of new units is planned for the second quarter. (aw)
