Successful capital increase of Helvetia (CH) Swiss Property Fund

Ad hoc announcement pursuant to Art. 53 LR



Basel, 20 March 2025

The fund management company Helvetia Asset Management AG has successfully completed the capital increase of Helvetia (CH) Swiss Property Fund in the amount of around CHF 166 million. All 1,625,000 new units were subscribed. The funds will be used to finance the acquisition of seven properties from the portfolio of Helvetia Swiss Life Insurance Company Ltd with a fair value of around CHF 252 million.

Helvetia (CH) Swiss Property Fund’s capital increase carried out between 7 and 19 March 2025 has been successfully completed. The new units were fully subscribed. Overall, the issue volume amounted to around CHF 166 million.

The issue was carried out on a commission basis (“best-effort basis”) as part of a public subscription offer in Switzerland. 1,625,000 new units were subscribed at an issue price of CHF 102.00 and a subscription ratio of 5:1. Payment and the first day of trading for the new units will take place on 24 March 2025, with 9,750,000 fund units outstanding from this date.

The proceeds from the capital increase will be used to acquire a real estate portfolio worth around CHF 252 million. The portfolio consists of seven recoverable Core/Core+ properties with a very high residential share in the cantons of Zurich, St. Gallen, Basel-Stadt and Neuchâtel from the portfolio of Helvetia Swiss Life Insurance Company Ltd. In addition, debt capital is being raised to finance the portfolio acquisition.

Following the capital increase, Helvetia (CH) Swiss Property Fund is positioned in the midfield of listed real estate funds with a fair value of properties of around CHF 1.3 billion, offering investors greater liquidity with respect to the fund units.

Fund portrait
The Helvetia (CH) Swiss Property Fund is a contractual investment fund under Swiss law of the type real estate fund. The fund was launched on 3 June 2020 and listed on the SIX Swiss Exchange on 25 June 2024. It invests directly in high-quality real estate with a focus on residential properties in large cities, medium-sized towns and their agglomerations throughout Switzerland. The main part of the portfolio (around 80%) is invested in residential use, supplemented by mixed-use and commercial properties. The focus of the portfolio strategy is on optimising current income, realising the potential of the portfolio and actively managing the portfolio. The fund is broadly diversified in terms of location, building age and tenant structure.

Fund information

About Helvetia Asset Management Ltd
Helvetia Asset Management Ltd 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 management company operating in the interests of its investors. The company also provides asset management and investment advice for real estate and mortgage investments of collective investment schemes, pension schemes and institutional investors. It also provides other services for real estate and mortgage investments and carries out management and administration for investment foundations, including related activities in the area of investment and distribution. Helvetia Asset Management Ltd has its registered office in Basel, Switzerland, and is a wholly owned subsidiary of Helvetia Holding Ltd, St. Gallen, Switzerland.

Disclaimer
Helvetia (CH) Swiss Property Fund is a contractual investment fund under Swiss law of the type “real estate fund” (hereinafter “real estate fund”). This real estate fund is distributed exclusively in Switzerland, and the units of the real estate fund may only be offered in Switzerland. The real estate fund is not available to US persons. Neither this announcement nor any copy thereof may be sent, taken into or distributed in the USA or to persons who are deemed to be US persons (among other things pursuant to Regulation S of the US Securities Act and the US Income Tax Law). This announcement may not be reproduced, either in full or in part, without the written permission of Helvetia Asset Management Ltd. The details given of the real estate fund are intended exclusively as information and do not constitute legal, tax or financial advice, nor are they an offer or a recommendation to buy or sell investment instruments or other financial services or a solicitation or invitation to submit an offer. Historical performance is not an indicator of current or future performance. Performance data do not include the commission and costs incurred on the issue and redemption of units. The main risks of real estate investments include limited liquidity in the real estate market, changes in mortgage interest rates, the subjective valuation of real estate, inherent risks in connection with the construction of buildings and environmental risks. All information in this announcement has been prepared with the greatest of care and in good faith. The fund management company does not accept liability for any losses arising from the use of this information. The sole binding basis for the purchase of or subscription to fund units is the prospectus with the integrated fund agreement, the Key Information Document and the latest annual and semi-annual report. These documents can be obtained free of charge from the fund management company, Helvetia Asset Management Ltd, St. Alban-Anlage 26, 4002 Basel, Switzerland, or the custodian bank, Zürcher Kantonalbank, Bahnhofstrasse 9, 8001 Zurich, Switzerland. This announcement is published in several languages. Should there be any inconsistencies between the German version and a version in another language, the German version shall prevail.