Current Swiss Investments

ACRON HELVETIA VII

 

The investment property comprises the seven-story, fully leased "Portikon" office building located in Glattpark in Zurich-Opfikon. Construction of the building, which features an atrium, was completed in September 2009. The two main tenants, Baxter Healthcare S.A. and Nycomed International Management GmbH, operate in the pharmaceuticals and healthcare industries and together have leased around 90% of the available net leasable area until 2019. The property is the first project by the Swiss subsidiary of HOCHTIEF.

Portikon is currently the largest building in Switzerland designed and built according to the Swiss Minergie-P® standard, which is comparable to the German Passivhaus standard for energy efficiency. In addition to strict sustainability criteria, the Portikon property also follows the principles of electrobiological compatibility. Moreover, the property features one of the largest photovoltaic systems in Zurich, which produces nearly all of the electricity required for the building´s own technical systems. This comprehensive energy concept guarantees that ancillary costs will remain low for users while offering investors secure returns for the long term thanks to optimized life-cycle costs.

ACRON HELVETIA VII Immobilien AG

The investment company is structured as a private placement/qualified investment with a total investment amount of CHF 142 million. At a minimum investment of CHF 100,000, the forecast distribution will amount to 6.25 percent annually starting in 2010. At the beginning of 2014, the return is projected to increase to an annual rate of 6.50 percent. By 2024, the company will make distributions exclusively by way of tax-free par value reductions. Subsequently, there will be a combination of par value reductions and payment of a dividend.This investment opportunity is currently open for placement with qualified investors.

Name of Investment, Private Placement	ACRON HELVETIA VII Immobilien AG
Legal form	Swiss stock corporation CH-660.7.854.008-8
Address/Registered office of the company	ACRON HELVETIA VII Immobilien AG c/o ACRON AG Stockerstrasse 8 8002 Zurich Switzerland
Year issued	2009
Year closed	open
Number of shareholders	open
The Property
Type of use	Office property - Minergie P®
Address	Thurgauerstrasse 130 8152 Glattpark Zurich-Opfikon Switzerland
Year constructed	2009
Site area	6,622 m² (71,252 sq.ft.)
Net leasable area	18,800 m² (193,680 sq.ft.)
Occupancy rate in % of total area	100
Rental income, in CHF	7,834,239
Parking spaces	144
The Tenants
Tenant I	Baxter Healthcare S.A.
Lease term	10 years until 31 July 2019 and 31 October 2019 respectively, two options to extend for 5 years, 100% indexing to Swiss consumer price index
Net leasable area	45,94%
Tenant II	Nycomed International Management GmbH
Lease term	10 years until 31 December 2019, two options to extend for 5 years, 100% indexing to Swiss consumer price index Onetime right of special termination to the 31 December 2014 with a compensation in the amount of a full year net rent.
Net leasable area	44,71%
Tenant III	Graf Z AG
Lease term	10 years until 30 September 2019, two options to extend for 5 years, 100% indexing to Swiss consumer price index
Net leasable area	5,35%
Tenant IV	HOCHTIEF Facility Management Swiss AG
Lease term	4 years until 14 July 2013, 100% indexing to Swiss consumer price index
Net leasable area	0,85%
Tenant V	HOCHTIEF Development Schweiz AG
Lease term	Since June 1, 2010: 8 years until 31 May 2018, one option to extend for 5 years, 100% indexing to Swiss consumer price index
Net leasable area	3,15%
Key Figures
Investment volume, in CHF	142,000,000
Share capital, in CHF	55,000,000
Borrowed funds, in CHF	87,000,000
Minimum investment, in CHF	100,000 [qualified investor pursuant to the Swiss Federal Act on Collective Investment Schemes (KAG)]