Swiss Life Asset Management AG

Swiss Life REF (CH) ESG Swiss Properties: capital increase planned in June/July 2024 for the acquisition of a real estate portfolio

Swiss Life Asset Management AG / Key word(s): Capital Increase Swiss Life Asset Management AG: Swiss Life REF (CH) ESG Swiss Properties: capital increase planned in June/July 2024 for the acquisition of a real estate portfolio 18-Apr-2024 / 07:00 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. 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