Ad hoc announcement pursuant to Art. 53 LR



Basel, 27 May 2025

Helvetia (CH) Swiss Property Fund reported pleasing half-year results as at 31 March 2025 with net income of CHF 13.54 million, representing an increase of 18% over the previous year. The rent default rate, which was already very low, fell again to 1.26% (30 September 2024: 2.06%). 

Helvetia (CH) Swiss Property Fund reported a successful first half of the 2024/2025 financial year as at 31 March 2025. The fund increased net income by 18% over the 2023/2024 half-year to CHF 13.54 million. This positive development is primarily attributable to current net income paid in on issued units due to the capital increase at the end of March 2025, as well as lower rent defaults. Continued demand for residential space, the attractive location of the properties coupled with good property quality and active letting management are behind the reduction in rent defaults. As a result, the portfolio’s already very low rent default rate fell again from 2.06% as at 30 September 2024 to 1.26% as at 31 March 2025. This can also be considered below average in comparison with the competition.

Expanded real estate portfolio as growth driver
Compared to the last annual financial statements as at 30 September 2024, the property portfolio has increased from 46 to 50 properties and the market value from CHF 1,081 million to CHF 1,307 million, equating to an increase of CHF 226 million or 21%. The most important driver of this pleasing developmentwas the purchase of a real estate portfolio worth around CHF 252 million from the holding of Helvetia Schweizerische Lebensversicherungsgesellschaft AG. This real estate portfolio comprises seven valuableCore/Core+ properties with a very high residential share in the cantons of Zurich, St. Gallen, Basel-Stadt and Neuchâtel. The transaction was secured by a capital increase of CHF 166 million as well as the raising of additional debt capital. In addition, capital gains of CHF 0.71 million were generated with the disposal of three properties no longer compatible with the strategy in Sion, Romanel-sur-Lausanne and Basel with a fair value of CHF 26.25 million as at 30 September 2024.

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.