The Helvetica Swiss Living Fund (HSL Fund), sponsored by Zurich-based fund management company Helvetica Property, has grown its real estate portfolio to CHF 101 million ($111 million) in the first half of 2020.
Launched in November 2019, HSL Fund has acquired a portfolio of 14 residential properties, including 242 apartments, and one small commercial property. The occupancy rate was 86.9 percent as of June 30 and re-letting activities are still under way, so the fund is expected to hit an occupancy rate of more than 90 percent this month.
Helvetica said due to the high proportion of residential use, the portfolio was resistant to possible negative influences on rental income in connection with the COVID-19 crisis. The company has not received any requests for rent deferral or permanent rent reductions, to date.
Helvetica is planning to expand the existing residential real estate portfolio in accordance with the investment strategy.
“Although the effects
