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Swiss Life REF (CH) European Properties: Successful capital increase

09.07.2019

The capital increase of the Swiss Life REF (CH) European Properties real estate fund has been successfully concluded. The fund is gaining new assets totalling the maximum amount of about EUR 103 million from the issue. 

The capital increase from 24 June to 5 July 2019 for Swiss Life REF (CH) European Properties attracted a lot of interest from investors and was concluded successfully. Overall, the volume of new funds amounted to some EUR 103 million, or a subscription rate of 100%.

The issue took place on commission (best effort basis) as part of a subscription offer in Switzerland. No subscription rights were traded during the subscription period. With a subscription ratio of three (3) to one (1) (three subscription rights equate to the purchase of one new fund unit), the maximum amount of 1 000 000 units was distributed for an issue price of EUR 104.00 per unit. The payment under subscription for the new units will be made on 11 July 2019, from which date there will thus be
4 000 000 units in circulation.

The new capital will be used for the acquisition of properties and the repayment of short-term debt financing. The fund currently owns 12 properties in eight European countries with a total market value of around EUR 409 million. The additional capital serves to further pursue the fund’s successful growth strategy and the diversification of its portfolio. 

Details of the real estate fund

Name

Swiss Life REF (CH) European Properties

ISIN | Swiss security number

CH038 541 554 9 |38 541 554

Legal form of the real estate fund

Contractual investment fund governed by Swiss law of the type “real estate fund” for qualified investors

Portfolio manager

Swiss Life Asset Management Ltd, Zurich

Fund management company

Swiss Life Asset Management Ltd, Zurich

Custodian bank

Credit Suisse (Switzerland) Ltd., Zurich

Disclaimer:

This document was produced with the greatest of care and to the best of our knowledge and belief. However, we provide no guarantee with regard to its content and completeness and do not accept any liability for losses which might arise from making use of this information. This publication is not intended as a solicitation or recommendation to buy or sell investment instruments, but only serves to provide information. Both Swiss Life Ltd and the other members of the Swiss Life Group are entitled to positions in this fund and to its purchase and/or sale.

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 at www.swisslife-am.com. The paying agent is Credit Suisse (Switzerland) Ltd., Paradeplatz 8, 8001 Zurich. The place of jurisdiction is at the fund management company's registered office.

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