Swiss Life Fund to go public
Swiss Life Asset Managers plans to list its real estate fund Swiss Life REF (CH) Swiss Properties on the Swiss stock exchange on June 11.
From the time of listing on the SIX Swiss Exchange, the fund will be open to private investors as well as qualified ones, according to Swiss Life Asset Managers. The company expects the listing to increase the liquidity of the fund units.
According to Renato Piffaretti, Head Real Estate Switzerland at Swiss Life Asset Managers, the fund's portfolio consists of 87 properties and has a market value of over CHF 1.2 billion. The fund was launched in 2015 and invests primarily in residential properties in Swiss cities and their agglomerations, as well as in centrally located commercial properties.
Swiss Life REF (CH) Swiss Properties will be included in the SXI Real Estate Broad and the SXI Real Estate Funds Broad upon listing. The listing is still subject to the approval of the fund contract amendments by FINMA and the approval of the listing application by SIX Swiss Exchange. (ah)
