Swiss Life Europe Fund invests near Basel

Swiss Life Asset Managers is focusing on the border triangle between Switzerland, France and Germany for its open-ended real estate fund Swiss Life REF (DE) European Living. A new construction project in the French city of Saint-Louis was acquired; it is the first time that the fund has bought in France. "This property in an urban location with links to the Basel metropolitan area fits ideally into our acquisition profile," says fund manager Viktoria Hoffmann, commenting on the acquisition.

The project comprises three buildings with a total of 106 apartments as well as green and communal areas including a gym, co-working space and a communal roof area. The seller is the French Nexity Group, which is also responsible for project development.

The new building project is being constructed on a site area of approx. 4,700 sqm in Rue du Ballon in the middle of the city center of Saint-Louis, only five kilometers away from Euro Airport Basel Mulhouse Freiburg. Basel can be reached by public transport within about 10 minutes. (ah)