AST Swiss Life opens investment groups for new subscriptions
Investment Foundation (AST) Swiss Life announces an opening of the investment groups "Real Estate Switzerland" and "Commercial Real Estate Switzerland" of up to CHF 650 million on December 2, 2019.
AST Swiss Life intends to purchase a real estate portfolio worth around 500 million, which is owned by Swiss Life. According to the company, the purchase of further properties, the realization of construction projects and a reduction of the debt ratio are also planned.
To finance these plans, the investment foundation will open its "Real Estate Switzerland" and "Business Real Estate Switzerland" investment groups to new subscriptions on December 2, 2019. According to Stephan Thaler, Managing Director of AST Swiss Life, this is the first re-opening of both investment groups since 2014.
The investment group "Real Estate Switzerland" invests in residential properties in Swiss cities or their agglomerations. The investment group "Commercial Real Estate Switzerland" invests in commercial properties in central locations. AST Swiss Life reports an average performance of 5.68% and 5.04% per year respectively for the investment group "Real Estate Switzerland" and the investment group "Commercial Real Estate Switzerland" since their launch. The investment groups' occupancy rates as of the end of June were 96.6% and 96.3%, AST Swiss Life added. (ah)
