The re-opening of the "Real Estate Switzerland" and "Commercial Real Estate Switzerland" investment groups attracted a lot of interest from investors and was concluded successfully. Both investment groups were oversubscribed several times. Furthermore, the Investment Foundation's circle of investors was broadened by 25% and now totals over 550 Swiss pension funds.
The new capital in the amount of CHF 650 million financed the acquisition of a high-value portfolio with 44 properties and a volume of more than CHF 500 million. The purchase of additional properties and the realisation of attractive construction projects are also planned. As a result, investors will benefit from yet broader diversification in terms of locations, usage and tenants.
Stephan Thaler, Managing Director of Swiss Life Investment Foundation, is delighted: “The great success of the re-opening is a tremendous vote of confidence on the part of our investors and underscores the solid demand for real estate investments with outstanding location and property quality, as well as the skill of Swiss Life Asset Managers in the management of real estate investments.”
Clear investment strategy pays off
The “Real Estate Switzerland” investment group has been around for ten years, consistently focusing on residential real estate in Swiss cities or their suburbs, while “Commercial Real Estate Switzerland” invests in stable-income and stable-value commercial properties in central locations. Both investment groups can look back on gratifying earnings and performance. The selective expansion of the portfolio with a clear focus on quality has paid off: in the previous financial year, the “Real Estate Switzerland” and “Commercial Real Estate Switzerland” investment groups posted convincing investment yields of 5.42% and 5.16% respectively. At the same time, both investment groups enjoy below-average loss of rental income.