EQS Group-Ad-hoc: Swiss Life Asset Management AG / Key word(s): Capital Increase Zurich, 1 September 2021 Swiss Life REF (CH) Swiss Properties: capital increase planned for acquisition of a high-quality new portfolio A capital increase is planned for Swiss Life REF (CH) Swiss Properties in December 2021. The aim of the capital increase is to acquire a high-quality real estate portfolio worth around CHF 350 million. The acquisition of a high-quality new portfolio worth some CHF 350 million is being studied with a view to continuing the strategy of qualitative growth. The portfolio is currently owned by Swiss Life Ltd. Swiss Life Asset Management Ltd. has received the requisite authorisation from FINMA for the planned acquisition. The issue of new fund units to finance the new portfolio is planned towards the end of 2021. Investors will benefit from the further increase in diversification achieved through expansion of the portfolio. The new portfolio comprising 18 properties is characterised by a high quality of location and property. The properties concerned are residential ones in economically strong regions. Almost half the properties (measured by market value) are located in the cities of Zurich, Geneva and Lausanne or their immediately adjacent municipalities. The remaining properties are located in small and medium-sized centres and in suburbs of the major cities. Following the acquisition, the fund will have 156 properties with just under 4 000 apartments and generate around 70% of the fund income from rental apartments. Investors will thus continue to participate in the development of high-quality Swiss real estate investments in the future. The Swiss Life REF (CH) Swiss Properties real estate fund has been participating in the annual GRESB (Global Real Estate Sustainability Benchmark) since 2018. In 2019, the fund received a "Green Star" rating - an acknowledgement of good ESG integration in real estate investments. The specific conditions of the planned capital increase will be announced in late autumn. Further information on the fund can be found at this link. Fund information
Media Relations Investor Relations Swiss Life Asset Managers As at 30 June 2021 assets under management for third-party clients amount to CHF 98.9 billion. Together with insurance mandates for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at CHF 274.4 billion. Swiss Life Asset Managers is a leading real estate manager in Europe1. Of the assets totalling CHF 274.4 billion, CHF 81.8 billion is invested in real estate. In addition, Swiss Life Asset Managers, in cooperation with Livit, manages real estate totalling CHF 28.8 billion in value. Total real estate under management and administration at the end of June 2021 thus came to CHF 110.6 billion. Swiss Life Asset Managers employs more than 2400 people in Europe. 1 INREV Fund Manager Survey 2021 (AuM as of 31.12.2020) Additional features: File: Media Release (PDF) End of ad hoc announcement |
Language: | English |
Company: | Swiss Life Asset Management AG |
General-Guisan-Quai 40 | |
8022 Zürich | |
Switzerland | |
Phone: | +41 43 284 41 89 |
E-mail: | sl-am-communication@swisslife.ch |
Internet: | www.swisslife-am.com |
ISIN: | CH0293784861 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1229174 |
End of Announcement | EQS Group News Service |
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1229174 01-Sep-2021 CET/CEST