Zurich, 14 December 2021
Ad hoc announcement pursuant to Art. 53 LR
Swiss Life REF (CH) Swiss Properties: Successful capital increase
The capital increase of the Swiss Life REF (CH) Swiss Properties real estate fund has been successfully concluded. The issue raised the maximum amount of around CHF 300 million.
The capital increase conducted from 29 November to 10 December 2021 for Swiss Life REF (CH) Swiss Properties attracted a lot of interest from investors. Overall, the issue volume amounted to some CHF 300 million, equivalent to a 100% subscription rate.
The issue took place on a commission ("best effort") basis as part of a subscription offer in Switzerland. Subscription rights were traded during the subscription period. With a subscription ratio of five to one (five subscription rights equate to the purchase of one new fund unit) the maximum amount of 2 700 000 units were distributed for an issue price of CHF 113.50 per unit. Payment under subscription for the new fund units will be made on 16 December 2021. As of this date, 16 200 000 units with net assets of CHF 1803 million will therefore be in circulation.
The capital raised financed the acquisition of a portfolio with 17 properties and a volume of around CHF 340 million. The fund now has 153 properties with a market value of around CHF 2.34 billion, making it one of the ten largest Swiss real estate funds in the listed sector. The current investment strategy will be intensified, and the fund will continue to invest in high-quality properties in the future. The focus is on quality residential properties in economically strong regions. Investors benefit from broad diversification in terms of location, use and tenants, as well as a high level of rental income security.
Responsible investing
Since 2018, Swiss Life Asset Managers has been a signatory to the UN Principles for Responsible Investment. Environmental, social and governance (ESG) factors are systematically integrated into the investment and risk management processes at Swiss Life Asset Managers. In the real estate investment business, appropriate criteria are taken into account for purchases as well as for construction projects and property management.
The Swiss Life REF (CH) Swiss Properties real estate fund has been participating in the annual GRESB rating (Global Real Estate Sustainability Benchmark) since 2018. In 2021, the fund received a "Green Star" rating of three out of five possible stars - an acknowledgement of good ESG integration in real estate investments.
Further information on the fund is available at the following link.
Fund information
| Name: |
Swiss Life REF (CH) Swiss Properties |
| ISIN / security no. of fund: |
CH0293784861 / 29378486 |
| Income: |
Distributed |
| Legal form: |
Contractual real estate fund |
| Fund domicile: |
Switzerland |
| Circle of investors: |
Non-qualified and qualified investors |
| Fund management and administrator: |
Swiss Life Asset Management Ltd. |
| Fund management: |
Swiss Life Asset Management Ltd. |
| Custodian bank: |
UBS Switzerland AG, Zurich |
| Market maker: |
Bank J. Safra Sarasin AG, Zurich |
Information
Media Relations
Phone +41 43 284 77 77
media.relations@swisslife.ch
Investor Relations
Phone +41 43 284 52 76
investor.relations@swisslife.ch
www.swisslife-am.com
Swiss Life Asset Managers
Swiss Life Asset Managers has more than 160 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg and the UK.
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.
Self-determined Life
Swiss Life enables people to lead a self-determined life and look to the future with confidence. Swiss Life Asset Managers pursues the same goal: We think long-term and act responsibly. We use our knowledge and experience to develop future-oriented investment solutions. This is how we support our customers in achieving their long-term investment objectives, which in turn also take account of their client's needs so they can plan their financial future in a self-determined manner.
1 INREV Fund Manager Survey 2021 (AuM as of 31.12.2020)
Disclaimer
This announcement has been produced with the greatest possible care and to the best of our knowledge and belief. However, we do not accept any liability for losses resulting from the use of this information. This publication is not intended as a solicitation or recommendation to buy or sell investment instruments, but only serves to provide information. Prior to subscribing or acquiring fund units on the stock exchange, investors should obtain and carefully read the detailed information on the fund contained in the regulatory documentation (prospectus with integrated fund contract, simplified prospectus and the latest annual and semi-annual reports) that serve as the sole legal basis for the purchase of fund units. These may be ordered free of charge in electronic or printed form from the fund management company, Swiss Life Asset Management Ltd., General-Guisan-Quai 40, 8002 Zurich.
Past performance is no indication of current or future performance. The performance data do not include commissions and costs incurred when issuing and redeeming fund units. Both Swiss Life Ltd. and the other members of the Swiss Life Group are entitled to units in this fund and to purchase and/or sell them. Swiss Life Asset Managers funds may not be offered for sale or sold in the US or on behalf of US citizens or US persons residing in the US. "Swiss Life Asset Managers" is the brand name for the asset management activities of the Swiss Life Group. More information is available at www.swisslife-am.com. Source: Swiss Life Asset Managers (unless stated otherwise). All rights reserved. Contact: info@swisslife-am.com.
