Swiss Life launches fund for commercial real estate
The new listed vehicle is scheduled to launch on April 1. The approval process with Finma is still ongoing.
Swiss Life Asset Managers is planning to launch a new real estate fund listed on the stock exchange. According to the announcement, the new investment vehicle will start with «a commercial real estate portfolio of core and core-plus properties in selected, above-average micro-locations in major Swiss cities and metropolitan regions». The real estate fund is currently undergoing the approval process with Finma. The fund will be called «Swiss Life REF (CH) ESG Diversified Commercial Switzerland».
«Our aim in the current market environment is to launch a new, high-yield real estate fund with stably rented properties in good locations - with disciplined selection, conservative assumptions and comprehensive examination of the key risks», writes Swiss Life. According to Paolo Di Stefano, Head Real Estate Switzerland at Swiss Life AM, the initial issue offers investors «an attractive entry point to participate in a significant, established portfolio that already meets our high sustainability requirements». The asset manager is responsible for «the entire value chain for the product and generates sustainable added value at all levels».
Swiss Life has set April 1 as the launch date.
