Swiss Life raises 200 million for logistics and industrial investments

Swiss Life's new investment groups, which invest in industrial and logistics real estate, have met with great interest among investors, according to the company. An initial portfolio has already been purchased.

Unternehmensangaben
Swiss Life expands its product range to include investment solutions for logistics and industrial real estate (Symbolic image: carloscastilla - depositphotos)

During the subscription period, which ran from the beginning of October to the end of November 2020, investors committed more than EUR 200 million, Swiss Life AM says.

The Real Estate Europe Industrial and Logistics investment groups will be offered in both euros and Swiss francs with foreign currency hedging. Through the new fund Swiss Life Real Estate Funds (LUX) S.A., SICAV-SIF - European Industrial & Logistics, they invest in a portfolio of industrial and logistics real estate in Europe. According to Swiss Life AM, the focus will be on Germany and France, with a mix in the rest of Europe, particularly the UK, Benelux and Switzerland.

Three acquisitions have already been made, all in Germany: a commercial park in Karlsfeld near Munich, a logistics property in Bremen and a commercial park in Böblingen near Stuttgart. Further acquisitions with a "promising pipeline of connected new-build projects" are planned in the foreseeable future. The properties would be characterised by a good geographical distribution in Europe and a balanced mix of industrial and logistics properties. (ah)

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