Helvetica plans capital increase for residential fund
Helvetica's Swiss Living Fund is examining an issue that could raise up to CHF 36 million - partly for acquisitions.
According to the fund management, the Helvetica Swiss Living Fund is considering a capital increase. The issue should reach a volume of CHF 18 to 36 million and take place in the second or third quarter. The additional equity is earmarked for acquisitions, sustainable renovation of existing properties and to optimize the capital structure.
The HSL Fund is a real estate fund for public investors listed on the Six Swiss Exchange. Its past financial year was characterized by extensive sales (IB reported). (aw)
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