EQS-Adhoc

Swiss Life Asset Management AG: Swiss Life REF (CH) Swiss Properties: Information about the planned capital increase - Seite 2

The acquisition of a high-value property portfolio worth some CHF 500 million is being analysed with a view to continuing the successful strategy of qualitative growth. The portfolio is currently owned by Swiss Life Ltd. Swiss Life Asset Management Ltd has received the requisite authorisation from FINMA for the planned acquisition. Investors will benefit from the broader diversification achieved through expansion of the portfolio.

Purchase of a high-quality real estate portfolio
The new portfolio of 46 properties features a very high location and property quality and generates around 85% of rental income from residential units producing a steady return (over 1 100 apartments). More than three quarters of the properties are located in major cities and their surrounding areas or in medium-sized towns. With 23 properties, the focus is on dynamic large Swiss cities (Zurich 11, Geneva 5, Lausanne 4 and Basel 3 properties). Following the acquisition, the fund will have 134 properties with more than 3 200 apartments. Investors will thus continue to participate in the development of first-class Swiss real estate investments in the future.

Responsible investing
Swiss Life Asset Managers has been a signatory to UN PRI since 2018. Environmental, social and governance factors (ESG) are systematically integrated into the investment and risk management processes at Swiss Life Asset Managers. In the real estate investment business, appropriate criteria are taken into account both in the purchase as well as in construction projects and property management.
The Swiss Life REF (CH) Swiss Properties real estate fund has been participating in the annual GRESB (Global Real Estate Sustainability Benchmark) since 2018. In 2019, the fund received a "Green Star" rating - an acknowledgement of good ESG integration in real estate investments.

Further information on the fund is available at the following link.

 

Issue conditions

 

Name:	Swiss Life REF (CH) Swiss Properties
Fund ISIN / Swiss security no.:	CH0293784861 / 29378486
Income:	Distribution
Legal form:	Contractual real estate fund
Fund domicile:	Switzerland
Circle of investors:	Non-qualified and qualified investors
Type of issue:	The issue will take place on commission ("best-effort basis") as part of a public subscription offer in Switzerland.
Issue volume:	Around CHF 500 million
Appropriation of issue proceeds:	Purchase of a real estate portfolio owned by Swiss Life Ltd
Subscription period:	30 November 2020 to 11 December 2020, 12:00 (CET)
Subscription ratio/new units issued:	Two (2) subscription rights entitle investors to acquire one (1) new unit | maximum of 4 500 000 units
ISIN/security reference rights:	CH0575733834 / 57573383
Issuing commission:	The issuing commission for the new units is 2.0% for the fund management company, custodian bank and/or distributor.
Subscription rights trading:	30 November 2020 to 9 December 2020 at SIX Swiss Exchange Ltd
Payment under subscription:	17 Dec. 2020
Fund management and administrator:	Swiss Life Asset Management Ltd.
Fund management:	Swiss Life Asset Management Ltd
Custodian bank:	UBS Switzerland AG, Zurich
Market maker:	Bank J. Safra Sarasin AG, Zurich