Swiss Life investment group raises 200 million
Swiss Life Investment Foundation raised the maximum amount of CHF 200 million when it opened its "Real Estate Switzerland Old Age and Health" investment group.
The targeted volume of up to CHF 200 million was more than three times oversubscribed, Swiss Life Investment Foundation reports. A total of around 100 pension funds participated in the opening.
The opening, he said, was made with staggered capital calls and was used to acquire a pipeline of new construction projects totaling more than 200 million that was well diversified geographically and consisted of a mix of retirement housing and care centers.
Stephan Thaler, Managing Director of Swiss Life Investment Foundation, sees the successful re-opening as a vote of confidence by investors in the investment foundation. "Retirement and healthcare real estate have excellent growth prospects and have established themselves as a sensible complement to existing real estate investments due to their diversification potential and low sensitivity to economic cycles."
The "Real Estate Switzerland Old Age and Health" investment group was launched in December 2017 and opened for the first time in spring 2019. As of the end of 2019, the portfolio consisted of eight properties with a total value of around 230 million. The investment group generated a net performance of 5.08% in 2019, according to Swiss Life. (ah)
