Portfolio

Portikon (Minergie P®)

Office Property – Zurich, Opfikon

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 Takeda Pharmaceuticals International GmbH, operate in the pharmaceuticals and healthcare industries and together have leased around 90% of the available net leasable area until 2019. Portikon is one of the largest buildings in Switzerland designed and built according to the Swiss Minergie-P® standard, which is comparable to the German Passivhaus standard for energy efficiency. The property is the first project by the Swiss subsidiary of HOCHTIEF.

The total financing amount for the investment company is CHF 142 million. 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.

The shares of ACRON HELVETIA VII Immobilien AG (stock market symbol: AHGN) have been listed on the BX Berne eXchange since October 17, 2011.

Office Property in Detail

Details

Legal form

Swiss stock corporation
CHE-114.637.115

Address / registered office of the company

ACRON HELVETIA VII Immobilien AG
c/o ACRON AG
Splügenstrasse 14
8002 Zurich
Switzerland

Year issued

2009

Year closed

2011

Number of shareholders at the time of issuance

87

Number of shareholders at July 1, 2015

96 (shareholders registered in the share register)

The Property

Type of use

Office property - Minergie P®

Adress

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

7,715,000 (2010)

Parking spaces

144

Rentroll

Baxter Healthcare S.A.

Tenant

Baxter Healthcare S.A.

Lease term

Since August 1, 2009: 10 years until 31 October 2019 respectively, two options to extend for 5 years, 100% indexing to Swiss consumer price index

Net leasable area

45,94%

Takeda Pharmaceuticals International GmbH

Tenant

Takeda Pharmaceuticals International GmbH

Lease term

Since October 1, 2009: 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

Graf Z AG

Tenant

Graf Z AG

Lease term

Since August 1, 2009: 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%

HOCHTIEF Facility Management Swiss AG

Tenant

HOCHTIEF Facility Management Swiss AG

Lease term

Since August 1, 2009: 4 years until 31 December 2013, 100% indexing to Swiss consumer price index

Net leasable area

0,85%

HOCHTIEF Development Schweiz AG

Tenant

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 (in CHF)

Investment volume

142,000,000

Share capital

55,000,000

Borrowed funds

87,000,000