Swiss Life Investment Foundation opens up its investment groups
The Swiss Life Investment Foundation has announced an opening of the investment groups "Real Estate Switzerland" and "Commercial Real Estate Switzerland". Around CHF 500 million is to be raised.
According to the Swiss Life Investment Foundation, the capital is to be used to reduce the leverage ratio, for the purchase of further properties, the realization of new construction projects and for ongoing investments in the portfolio.
To finance these activities, the investment groups "Real Estate Switzerland" and "Business Real Estate Switzerland" will be opened with a subscription period from February 1 to March 31, and the payment is scheduled to take place on May 5, 2021. The opening is aimed at existing and new investors who qualify as tax-exempt pension funds under Swiss law, the investment foundation said.
Recently, the portfolios of the investment groups have grown through several acquisitions, the report continues. Properties were acquired in Zurich, Geneva, Schaffhausen and Aarau, as well as project developments in St. Gallen and Nyon. In addition, the two investment groups are investing in shares in the Glatt shopping center in Wallisellen, which Swiss Life acquired from the Federation of Migros Cooperatives in July 2020. (ah)
