Strategic sales of Helvetica Swiss Opportunity Fund in preparation for IPO

Helvetica Swiss Opportunity Fund (HSO Fund) has announced the completion of two property sales that are crucial to its planned IPO and merger with Helvetica Swiss Commercial Fund (HSC Fund). The transactions, which are to be completed in December 2024, include the sale of properties in Pratteln and Buchs.

The sale of the Rüti Center in Pratteln, comprising five adjoining plots, as well as the property in Buchs, generated around CHF 81 million. This amount helps to reduce external financing and to adjust the portfolio in preparation for the merger. A discount of CHF 18 million was recorded compared to the last market value.

The fund expects to maintain its distribution at CHF 5.50 per unit for 2024, based on strong rental income and a low vacancy rate. The proposed merger is expected to be completed by mid-2025.