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Swiss Life REF (CH) Swiss Properties: capital increase planned for the acquisition of a property portfolio

10.07.2018

Swiss Life REF (CH) Swiss Properties is examining the purchase of a high-value real estate portfolio worth about CHF 500 million. A capital increase is planned for December 2018 to finance the acquisition.

The real estate fund Swiss Life REF (CH) Swiss Properties was successfully launched on 2 November 2015. The earnings and price development of the properties and the expansion of the portfolio have resulted in a strong performance by the fund. Its focus is on residential real estate in Swiss cities and their suburbs. It also invests in commercial properties in central locations. The real estate portfolio contained 48 properties with a market value of around CHF 665 million as at the end
of June 2018. 

The acquisition of a high-value property portfolio worth about CHF 500 million is being examined in order to continue the successful strategy of qualitative growth. Swiss Life Asset Management Ltd has been authorised by FINMA, in conformity with Art. 63 CISA, paragraph 4, to acquire the portfolio, which is currently in the possession of Swiss Life Ltd. The issue of new units is planned for the end of December 2018 to finance the property portfolio. Investors benefit from broader diversification by expanding the portfolio. The target portfolio boasts very high-quality locations and properties and generates a large part of the rental revenue from residential use. 

The specific conditions of the planned capital increase will be announced in autumn.

Fund information

Name:

Swiss Life REF (CH) Swiss Properties

ISIN / Swiss security no.:

CH0293784861 / 29378486

Fund currency:

Swiss francs

Income:

Distributing

Legal form:

Contractual real estate fund for qualified investors

Fund domicile:

Switzerland

Fund management company and administrator:

Swiss Life Asset Management AG

Fund management:

Swiss Life Asset Management AG

Custodian bank:

UBS Switzerland AG, Zurich

Market Maker:

Bank J. Safra Sarasin AG, Zurich

Launch date:

2. November 2015

Disclaimer
The real estate fund outlined is exclusively for qualified investors located in Switzerland. Comprehensive information on the real estate fund mentioned can be taken from the relevant financial report as well as from the documents forming the legal basis for any investment. They may be ordered free of charge in electronic or printed form from the fund management company Swiss Life Asset Management Ltd, General-Guisan-Quai 40, P.O. Box 2831, 8022 Zurich, or at www.swissfunddata.ch and www.swisslife-am.com. The payment office is UBS Switzerland AG, Bahnhofstrasse 45, 8001 Zurich. The place of jurisdiction is at the fund management company's registered office.
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