EQS-News: HSL Fund built up attractive residential property portfolio with more than 500 apartments in 2020 financial year
Zurich, 7 April 2021 - The Helvetica Swiss Living Fund (HSL Fund) built up an attractive portfolio of residential properties with 517 apartments and a market value of CHF 221.5 million (1 January 2021) in the financial year 2020.
EQS Group-News: Helvetica Property / Key word(s): Funds/Real Estate HSL Fund built up attractive residential property portfolio with more than 500 apartments in 2020 financial year 07.04.2021 / 07:00 Press release 7 April 2021 Zurich, 7 April 2021 - The Helvetica Swiss Living Fund (HSL Fund) built up an attractive portfolio of residential properties with 517 apartments and a market value of CHF 221.5 million (1 January 2021) in the financial year 2020. An investment return of 8.3% has been achieved since the initial issue in November 2019.
Details of annual result 2020 Income statement financial year 2020 Through intensive "hands on" management of the properties acquired as well as successful re-letting campaigns, the vacancy rate of various properties was reduced, in some cases significantly, so that the portfolio achieved an occupancy rate of 89.2% by the end of 2020. Net income amounted to CHF 4.7 million in the financial year 2020. The valuation of the property portfolio by the independent valuation expert Wüest Partner AG resulted in an unrealized gain of CHF 5.4 million. The fund recorded a total income of CHF 9.0 million. Balance Sheet per 31 December 2020 Distribution of CHF 3.10 per share Outlook
The audited annual report 2020 of the HSL Fund is available on the fund management company's website at www.helvetica.com/en/products/helvetica-swiss-living-fund/publications or also under www.swissfunddata.ch. All press releases can be found under www.Helvetica.com. About Helvetica About Helvetica Swiss Living Fund Ticker Symbol HSL; Valor 49 527 566; ISIN CH0495275668
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Language: | English |
Company: | Helvetica Property |
Brandschenkestrasse 47 | |
8002 Zürich | |
Switzerland | |
Phone: | +41 43 544 7080 |
E-mail: | [email protected] |
Internet: | www.Helvetica.com |
ISIN: | CH0495275668 |
Valor: | 49527566 |
EQS News ID: | 1181569 |
End of News | EQS Group News Service |
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1181569 07.04.2021