Issue of Swiss Life Investment Group falls short of expectations
The Swiss Life Investment Foundation received inflows of CHF 76.6 million when it opened its "Real Estate Switzerland Old Age and Health ESG" investment group. A volume of up to CHF 100 million had been planned.
When it opened from October 4 to November 17, 2023, the Swiss Life Investment Foundation's "Real Estate Switzerland Old Age and Health ESG" investment group invested slightly more than three quarters of the maximum possible amount of CHF 100 million: The investment group received CHF 76.6 million from pension funds, according to the investment foundation. The number of investors has risen to 200. The fresh capital will be used to purchase an age-appropriate, recently completed residential property in Regensdorf worth CHF 90 million.
The investment group, which focuses on investments in apartments without inpatient care facilities, care facilities, retirement homes and healthcare properties, has achieved an annual performance of 4.87% since it was founded in 2017. It currently holds 14 properties with a market value of CHF 500 million and an occupancy rate of 98.6%.
"The opening will enable us to make a further investment in a suitable property that will continue the qualitative growth of the investment group and further stabilize current income," says Stephan Thaler, Managing Director of the Swiss Life Investment Foundation. (ah)
