Swiss Life REF European Properties: Acquisitions in Germany and the Netherlands
The real estate fund Swiss Life REF (CH) European Properties has acquired properties in Dortmund, Offenbach and The Hague. Fund assets now exceed EUR 500 million.
According to Swiss Life Asset Managers, the fund invested in the Netherlands for the first time in mid-December 2019. Haagsche Hof in The Hague is located in the historic city center. The Dutch seat of government and the central shopping street are within walking distance.
The Haagsche Hof was built in the 1990s and is one of the few modern office buildings in the old town district. The five-story building comprises about 10,000 square meters of office space and 300 parking spaces, it said. Tenants come from various industrial and service sectors, Swiss Life Asset Managers said.
According to the announcement, the properties in Dortmund and Offenbach were already acquired last fall. In Dortmund, the fund bought a residential block with 111 apartments averaging 70 square meters. The property is located in the north of the Ruhr city between Uhlandstrasse and Münsterstrasse.
The property in Offenbach near Frankfurt is located at Fritz-Remy-Strasse 5-13 and consists of two detached apartment blocks comprising 317 apartments averaging 70 sqm. Frankfurt city center can be reached by public transport in around half an hour.
In order to continue the growth of Swiss Life REF (CH) European Properties, a capital increase is planned for summer 2020, Swiss Life Asset Managers further announces. (ah)
