Swiss Life AST: Investment group almost twice oversubscribed at opening
At the opening of the Real Estate Switzerland ESG investment group, the targeted volume of up to CHF 350 million was oversubscribed almost twice, IMMOBILIEN Business has learned.
The number of investors increased from 470 to around 500 as part of the opening. A total of 120 employee benefits institutions participated in the opening. According to the Swiss Life Investment Foundation, the capital raised will be used to reduce leverage according to the Portfolio acquisition in December as well as for further acquisitions and portfolio investments. The opening took place held from February 1 to March 15, the The entitlements will be issued on April 5, 2023.
As of the end of February 2023, the investment group holds a total of 270 properties with a market value of CHF 4.2 billion. The focus is on residential properties in Swiss cities and their agglomerations. Since its launch in 2009, the investment group has recorded a performance of 5.54% per year. The occupancy rate is 98%. (aw)
