Swiss Life fund expands portfolio by 15 properties
The Swiss Life REF (CH) ESG Swiss Properties fund takes over a real estate portfolio of Swiss Life AG with a market value of CHF 241.7 million as of December 15.
The 15 core properties are mainly located in the regions of Zurich (44% of market value) and Lake Geneva (20%), as well as in the regions of Western Switzerland (22%) and Northwestern Switzerland (13%).
Two-thirds of the rental income is generated by residential properties. The uses "office" and "retail / gastronomy" come to 13% and 15%. The portfolio also has additional potential and will further increase the diversification and stability of the fund portfolio, writes Swiss Life Asset Managers.
The real estate fund was launched in 2015. It has been listed on the SIX Swiss Exchange since June 2019. The annual performance (share price performance plus distributions) has averaged 6.73% since launch. As of the end of September, the portfolio comprised 151 properties with a market value of approximately CHF 2.345 billion. (aw)
