Helvetica Swiss Commercial Fund Reports Robust Performance in H1 2024

Zurich, August 30, 2024 – The Helvetica Swiss Commercial Fund (HSC Fund) delivered strong results in the first half of 2024. Net income reached CHF 12.4 million, contributing CHF 3.40 per unit in distributions. The EBIT margin remained stable at 72%, while the weighted average unexpired lease term (WAULT) improved to over four years.

The fund successfully leased or re-leased 34,500 m², with a 5.8% vacancy rate. Notably, it registered a net performance of +21%, making it the best-performing listed Swiss real estate fund. Preparations for merging with the Helvetica Swiss Opportunity Fund (HSO Fund) are on track and expected to complete by mid-2025.

Two properties worth CHF 14 million were sold, and the portfolio's market value adjusted to CHF 696 million. The fund focuses on long-term sustainability goals, actively managing the CO2 reduction pathway and planning significant reductions in fossil-fuel heating.

The fund aims to maintain stable income and improve fund unit prices by the year-end, alongside continued efforts in sustainability and property sales.