Swiss Life Asset Managers sets up new German Investment Management company
- Expansion of activities in the German real estate fund market
- Special AIFs now also offered via German investment management company
- Open-ended real estate fund for private investors planned
Swiss Life Asset Managers is expanding its activities in the German market for real estate funds with its own investment management firm. A few days ago, the Swiss asset manager obtained the business licence for the newly founded Swiss Life Kapitalverwaltungsgesellschaft mbH (Swiss Life KVG) from the German financial supervisory authority BaFin.
The Swiss asset manager intends to use the now licensed Swiss Life KVG in Germany to launch open- and closed-end real estate investment funds according to German law for institutional investors. In addition, a mutual real estate AIF shall be launched for private investors.
Swiss Life Asset Managers prepared for the expansion of its market presence by fully acquiring the German special property fund and asset management company CORPUS SIREO in 2014.
Stefan Mächler, Chief Investment Officer of the Swiss Life Group, says: «With Swiss Life KVG, we are creating a platform for setting up our own real estate funds in Germany. Together with our German subsidiary CORPUS SIREO, we want to use this to promote business with institutional and private investors in one of Europe’s leading investment markets.«
Mächler says Swiss Life KVG will launch its first funds in just a few weeks. Swiss Life will be supported in this by CORPUS SIREO. The company is a multi-disciplinary real estate service provider and acts as a fund and asset manager and project developer in Germany and other European countries. It manages special funds with a current volume of €1.7 billion. CORPUS SIREO has expertise and its own presence in German regional markets and in the healthcare real estate sector, where the company is one of the leading German fund providers.
Bernhard Berg, CEO of CORPUS SIREO, says: «With our group’s own investment management company, we are adding to our already established range of funds from Luxembourg by setting up German open-ended property funds with innovative investment strategies and funds for institutional investors. We will focus on social megatrends and their effects on real estate markets.«
Swiss Life KVG will be managed by Ingo Hartlief and Dr Christine Bernhofer. Ingo Hartlief, CEO of Swiss Life KVG, says: «Swiss Life KVG will tap into new, attractive potential in the German real estate sector. We will thus help our parent company expand its fund activities in one of the most significant European real estate markets.«