Media Release
Helvetica Swiss Commercial Fund: Successful acquisition of properties with commercial and residential use in Frauenfeld
Zurich, 27 January 2020 - Helvetica Swiss Commercial Fund (HSC Fund) has acquired two properties with commercial and residential use in Frauenfeld (TG) with a market value of about CHF 18.3 million. The legal transfer of ownership took place retroactively as of 1 January 2020.
HSC Fund (SIX Swiss Exchange: HSC) today announced the successful acquisition of two properties with commercial and residential use and a total market value of about CHF 18.3 million. The properties are located at Zürcherstrasse 331/333 and 370 in Frauenfeld (TG), which is the main road between Frauenfeld and Constance. In terms of the site, the buildings are located in a lively commercial cluster with very good visibility. They are extremely well served by both individual traffic and public transport.
The properties have a rentable space of 5,059 m2 and generate annual rental income of around CHF 1.03 million, which corresponds to a gross yield on market value of around 5.6%. The properties are fully let. AMAG Automobil und Motoren AG (AMAG), the largest tenant, represents about 95% of rental income, the remaining 5% are generated with four other tenants. The rental contract with AMAG as the main tenant runs until the end of 2027, and includes market customary renewal options. The legal transfer of ownership of the properties took place retroactively as of 1 January 2020.
FOR MORE INFORMATION
Michael Müller | Frederic Königsegg |
Chief Executive Officer | Chief Investment Officer |
Phone +41 43 544 70 80 | +41 43 544 70 80 |
E-Mail mm@HelveticaProperty.com | fk@HelveticaProperty.com |
All press releases can be found at www.HelveticaProperty.com
Provider | Channel | Contact | ||
---|---|---|---|---|
EQS Group Ltd., Switzerland switzerland.eqs.com |
newsbox.ch www.newsbox.ch |
Provider/Channel related enquiries cs.switzerland@eqs.com +41 41 763 00 50 |