Swiss Life Fund announces capital increase

According to Swiss Life Asset Managers, up to 72,857 new units are to be issued, corresponding to issue proceeds of around CHF 85 million. The subscription period runs from June 1 to 15, 2018; the issue will be carried out on a best-effort basis.

Swiss Life REF (LUX) Commercial Properties Switzerland was launched at the end of 2012; as at March 31, the portfolio comprised 32 properties with a market value of around 900 million. The occupancy rate was 96.2 percent. The most recent acquisition was the high-quality commercial property at Rue Adrien-Pichard 2/4 in Lausanne, according to Swiss Life AM. As part of the "Manegg West" project development, an office building was purchased in Zurich, which is let on a long-term lease on completion and is already generating current income.