Zurich, 18 April 2024
Ad hoc announcement pursuant to Art. 53 LR
Swiss Life REF (CH) ESG Swiss Properties: capital increase planned in June/July 2024 for the acquisition of a real estate portfolio
Swiss Life REF (CH) ESG Swiss Properties is planning a capital increase with subscription rights for June/July 2024. The capital raised will be used to acquire a real estate portfolio consisting mainly of residential buildings in well-connected suburbs.
Subject to FINMA approval, the capital increase will be used to acquire a broadly diversified portfolio with a high residential component, which is currently owned by Swiss Life Ltd. The capital raised will also be invested in the renovation and densification of existing residential buildings and the borrowing ratio will be reduced. This will further improve the fund’s earnings power. Thanks to this further growth, investors will benefit from the fund management company’s staggered management fee introduced in July 2023.
The capital increase aims to raise up to CHF 650 million. The key data and further information will be announced at the end of May 2024 together with the fund’s half-year report. The capital increase will be carried out while safeguarding the subscription rights of the existing equity participants.
Further information on the real estate fund can be found here.
Fund information
| Name: |
Swiss Life REF (CH) ESG Swiss Properties |
| ISIN / Security no.: |
CH0293784861 / 29378486 |
| Fund currency: |
Swiss franc |
| Income: |
Distributing |
| Legal form: |
Contractual real estate fund |
| Fund domicile: |
Switzerland |
| Fund management and administrator: |
Swiss Life Asset Management Ltd |
| Portfolio management: |
Swiss Life Asset Management Ltd |
| Custodian bank: |
UBS Switzerland AG, Zurich |
| Market maker: |
Bank J. Safra Sarasin AG, Zurich |
| Launch date: |
2 November 2015 |
Information
Media Relations
Phone +41 43 284 77 77
media.relations@swisslife.ch
Investor Relations
Phone +41 43 284 52 76
investor.relations@swisslife.ch
www.swisslife-am.com
Swiss Life Asset Managers
Swiss Life Asset Managers has more than 165 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg, the UK, Italy and the Nordic countries.
As at 31 December 2023 assets under management for third-party clients amount to CHF 111.8 billion. Together with insurance mandates for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at CHF 255.7 billion. Swiss Life Asset Managers is a leading real estate manager in Europe1. Of the assets totalling CHF 255.7 billion, CHF 85.4 billion is invested in real estate. In addition, Swiss Life Asset Managers, in cooperation with Livit, manages real estate totalling CHF 21.2 billion in value. Total real estate assets under management and administration at the end of December 2023 thus came to CHF 106.7 billion.
Swiss Life Asset Managers employs more than 2200 people in Europe.
Self-determined Life
Swiss Life enables people to lead a self-determined life and look to the future with confidence. Swiss Life Asset Managers pursues the same goal: We think long-term and act responsibly. We use our knowledge and experience to develop future-oriented investment solutions. This is how we support our customers in achieving their long-term investment objectives, which in turn also take account of their client’s needs so they can plan their financial future in a self-determined manner.
1 INREV Fund Manager Survey 2023 (AuM as of 31.12.2022)
Disclaimer
This announcement has been produced with the greatest possible care and to the best of our knowledge and belief. However, we do not accept any liability for losses resulting from the 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. Prior to subscribing or acquiring fund units on the stock exchange, investors should obtain and carefully read the detailed information on the fund contained in the regulatory documentation (prospectus with integrated fund contract, PRIIPs KID and the latest annual and semi-annual reports) that serve as the sole legal basis for the purchase of fund units. These 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, 8002 Zurich.
Past performance is no indication of current or future performance The performance data do not include commissions and costs incurred when issuing and redeeming fund units. Both Swiss Life Ltd and the other members of the Swiss Life Group are entitled to positions in this fund and to purchase and/or sell them. Swiss Life Asset Managers’ funds may not be offered for sale or sold in the US or on behalf of US citizens or US persons residing in the US. “Swiss Life Asset Managers” is the brand for the asset management activities of the Swiss Life Group. More information is available at www.swisslife-am.com. Source: Swiss Life Asset Managers (unless stated otherwise). All rights reserved. Contact: info@swisslife-am.com.
