Swiss Life fund plans capital increase

The subscription period for the capital increase is scheduled to run from June 21 to July 9, 2021. With the fresh money, Swiss Life REF (LUX) ESG Commercial Properties Switzerland FCP-SIF plans to reduce leverage and strengthen its equity base. The issue is aimed at both existing investors and new investors. It will be carried out on a "best-effort basis" with a maximum issue volume of CHF 110 million, Swiss Life Asset Managers says.

The fund was launched in November 2012 and invests in first-class commercial properties. As of March 31, 2021, it holds 41 properties with a market value of approximately CHF 1.4 billion (occupancy rate 96.9%). 49% of the rental income comes from office uses and 37% from sales uses. Most recently, a co-ownership share in the Glatt shopping center in Wallisellen near Zurich was acquired in October 2020.

Since March 1, 2021, Swiss Life REF (LUX) ESG Commercial Properties Switzerland has been managed as an ESG strategy product in accordance with Art. 8 SFDR (Sustainable Finance Disclosure Regulation, EU). In the course of this, the name was also supplemented with "ESG". The fund is thus subject to a sustainability strategy and systematically takes measures in the area of sustainability, for example regular operational optimizations are carried out on the buildings and the fund is subjected to the GRESB rating on an annual basis. (ah)