Swiss Life wants to raise 100 million for the "Old Age and Health" investment group

The Swiss Life Investment Foundation plans to carry out an opening and issue entitlements of up to around CHF 100 million from the "Real Estate Switzerland Old Age and Health ESG" investment group. The capital is to be used to reduce the debt financing ratio, for the purchase of new properties and for investments in existing properties. The subscription period runs from October 4 to November 17. The entitlements will be issued on December 5, 2023.

In December 2023, the investment group plans to acquire an age-appropriate, recently completed residential property with a market value of around CHF 90 million. This purchase would strengthen portfolio diversification and earnings stability, Swiss Life writes in a press release. The apartment building in Regensdorf has a good location and property quality. The 130 apartments are reportedly fully let. The five buildings were constructed in accordance with the SIA-500 standard.

The "Real Estate Switzerland Ageing and Health ESG" investment group invests in age-appropriate residential properties, care facilities, healthcare properties and health promotion facilities in Swiss cities and their agglomerations. Since its launch in 2017, a performance of 4.96% per year has been recorded. The occupancy rate at the end of August was 98.5%. The investment group holds 14 properties with a market value of around CHF 500 million. (aw)