Swiss Life Investment Foundation opens up investment group for fresh capital
The subscription period for the Swiss Life Investment Foundation's "Real Estate Switzerland Old Age and Health" investment group runs from March 2 to 20 of this year.
The opening is planned with staggered capital calls totaling up to CHF 200 million, according to the Swiss Life Investment Foundation. The first capital call is to be made in the second quarter; the Investment Foundation intends to call up further capital in coordination with the existing construction projects and additional acquisitions by the end of 2022 at the latest.
The "Real Estate Switzerland Old Age and Health" investment group was launched in December 2017 and opened for the first time in spring 2019. The majority of the funds were used to purchase two apartment buildings in Zurich's Seefeld district.
At the end of 2019, the portfolio consisted of eight properties with a total value of around 230 million. In addition, an acquisition pipeline with new construction projects worth over 200 million was connected, which is well diversified geographically and consists of a mix of retirement apartments and care centers.
According to Swiss Life, the investment group achieved a net performance of 5.08% in 2019. The investor base currently consists of over 170 investors. The target group is Swiss pension funds. (ah)
