ACRON HELVETIA I Immobilien Aktiengesellschaft

Portfolio Mix:

Office and Logistics Building Waser – Buchs, Zurich Office Building Südpark Zuchwilerstrasse – Solothurn

The concept behind ACRON HELVETIA I Immobilien Aktiengesellschaft calls for two investment properties to be held and managed. After the sale of the Riedpark shopping center in Zurich in late 2006, the company also sold its second property in October 2008, an LSG Sky Chefs catering facility in Rümlang, Zurich. ACRON HELVETIA I has held the Waser Group's office and logistics building in Buchs in the Canton of Zurich (as a replacement for the Riedpark property) since December 2007. As of January 1, 2009, the company merged with Südpark Zuchwilerstrasse Immobilien AG. As a result, it now holds a second investment property, the Südpark Solothurn office complex.

The total investment at the company´s inception in 2000 amounted to CHF 24,330,500. After the exchange of both properties, the repayment of the existing loans and the arrangement of new financing, the total investment was approximately CHF 34 million as of July 2009. Its share capital totals around CHF 8 million, and the current mortgages amounted to CHF 26 million as of January 1, 2009.

The shares of ACRON HELVETIA I Immobilien Aktiengesellschaft have been listed on the BX Berne eXchange since September 30, 2009 (www.acron-helvetia1.ch).

Legal form	Swiss stock corporation CH-020.3.023.723-1
Address / registered office of the company	ACRON HELVETIA I Immobilien Aktiengesellschaft c/o ACRON AG Splügenstrasse 14 8002 Zurich Switzerland
Year issued	2001
Year closed	2001
Number of shareholders	123

Property I & Tenant Office and logistics building Waser

Type of use	Office and logistics building
Address	Furtbachstrasse 16-18 8107 Buchs (Canton of Zurich) Switzerland
Year constructed	Office and administration building 1988, logistics building 1976 (addition and partial renovation in 2002)
Site area	7,527 m² (80,990 sq. ft)
Net leasable area	11,865 m² (127,667 sq. ft.)
Occupancy rate in % of total area	100
Parking spaces	Underground garage below the office building with 24 parking spaces, 45 parking spaces in the northern sector of the property
Tenant	Waser Bürocenter AG (Subsidiary of Lyreco Group since January 2011)
Lease term	12 years until June 30, 2019 with three options to extend for 5 years each, 80% indexing to Swiss consumer price index
Share of net leasable area	office space: 2,880 m² (30,989 sq. ft.), commercial/industrial space: 5,765 m² (62,031 sq. ft.), archive space: 2,902 m² (31,226 sq. ft.), grounds: 318 m² (3,422 sq. ft.)

Property II & Tenant Office building Südpark Zuchwilerstrasse

Type of use	Office building
Address	Zuchwilerstrasse 21 4501 Solothurn Switzerland
Year constructed / renovated	constructed in 1984, renovated in 2007
Site area	2,099 m² (22,585 sq. ft)
Net leasable area	3,488 m² (37,521 sq. ft.)
Occupancy rate in % of total area	95
Parking spaces	59
Tenant	Solothurner Zeitung AG
Lease term	15 years from January 2007 on, two options to extend for 5 years, 80% indexing to Swiss consumer price index

Key Figures (in CHF) – January 1, 2009

Investment volume	34,259,445
Share capital	7,781,970
Borrowed funds	26,477,475

 

ACRON HELVETIA I Immobilien Aktiengesellschaft Investment Philosophy

In contrast to the other investments in the ACRON HELVETIA series, the share capital of ACRON HELVETIA I Immobilien Aktiengesellschaft consisted of share capital and shareholder loans until August 31, 2009. At the start of 2009 and as part of the application process for stock exchange listing on the BX Berne eXchange, the shareholder loan was converted almost entirly to share capital. The conversion was accomplished through a total of three capital increases, and, as a result, the company no longer had any obligations outstanding as of the end of August 2009. The shareholders will receive their mostly tax-free distributions as a combination of a reduction in par value and payment of a dividend.