Swiss Life Asset Managers is planning to take Swiss Life REF (CH) Swiss Properties, its Swiss real estate fund, to the Swiss stock market on 11 June 2019. The listing is subject to FINMA’s approval of the changes to the fund contract as well as approval of the application for listing by the SIX Swiss Exchange.
When so approved, the fund will be open to private as well as qualified investors. The listing will allow investors to benefit from fund units with increased liquidity. Once listed, Swiss Life REF (CH) Swiss Properties will be included in the “SXI Real Estate Broad” and the “SXI Real Estate Funds Broad”.
Renato Piffaretti, Head of Real Estate Switzerland: “We will be delighted to have our Swiss Life REF (CH) Swiss Properties real estate fund listed on the SIX Swiss Exchange and thus to afford institutional as well as private investors attractive access to the Swiss real estate market. With its 87 properties, the portfolio enjoys appealingly high location and property quality and has a market value of over CHF 1.2 billion. Investors profit from a broadly diversified portfolio with stable earnings and value.”
Focus on central location
Swiss Life REF (CH) Swiss Properties, which was launched in 2015, has seen good income and growth. The selective expansion of the portfolio with a clear focus on quality has paid off. The fund focuses on residential properties in Swiss cities and surrounding areas as well as commercial properties in central locations. The investment objectives of the fund are long-term preservation of value and the distribution of stable returns.
The real estate fund outlined is currently 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 at www.swisslife-am.com.