EQS-Adhoc

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

The acquisition of a high-quality new portfolio worth some CHF 340 million is being studied with a view to continuing the 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 further increase in diversification achieved through expansion of the portfolio.

The new portfolio consists of 17 properties* that are both well located and of high quality. The properties concerned are residential ones in economically strong regions. About half the properties (measured by market value) are located in the cities of Zurich, Geneva and Lausanne or their immediately adjacent municipalities. The remaining properties are located in the suburbs of the major cities as well as in small and medium-sized towns.

Following the acquisition, the fund will have 155 properties with just under 4 000 apartments and generate around 70% of the fund income from rental apartments. Investors will thus continue to participate in the development of high-quality Swiss real estate investments in the future.

The Swiss Life REF (CH) Swiss Properties real estate fund has been participating in the annual GRESB (Global Real Estate Sustainability Benchmark) ratings since 2018. In 2021, the fund received a "Green Star" rating of three out of five possible stars - an acknowledgement of its good integration of ESG factors in its real estate investments.

Further information on the fund can be found at this link.
 

Fund information

Issue conditions

Name:	Swiss Life REF (CH) Swiss Properties
ISIN / security no. of fund:	CH0293784861 / 29378486
Income:	Distributed
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 a commission ("best-effort") basis as part of a public subscription offer in Switzerland.
Issue volume:	Approx. CHF 300 million
Appropriation of issue proceeds:	Purchase of a real estate portfolio owned by Swiss Life Ltd.
Subscription period:	29 November 2021 to 10 December 2021, 12:00 (CET)
Subscription ratio/new units issued:	Five (5) subscription rights entitle investors to acquire one (1) new unit / maximum of 2 700 000 units
ISIN/security no. of subscription rights:	CH1143003460 / 114300346
Issuing commission:	The issuing commission for the new units is 2% for the fund management company, custodian bank and/or distributor.
Subscription rights trading:	29 November 2021 to 8 December 2021 at SIX Swiss Exchange Ltd.
Payment under subscription:	16 December 2021
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