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    Swiss Life Asset Management AG  141  0 Kommentare Swiss Life REF (CH) ESG Swiss Properties: details of the purchase portfolio in connection with the approaching capital increase

    Für Sie zusammengefasst
    • Swiss Life REF (CH) ESG Swiss Properties acquires CHF 700 million residential property portfolio.
    • Portfolio includes 47 properties across Switzerland, increasing profitability and reducing management fees.
    • Capital increase details: Issue volume CHF 610 million, subscription period 2-12 July 2024.

    Swiss Life Asset Management AG / Key word(s): Capital Increase
    Swiss Life Asset Management AG: Swiss Life REF (CH) ESG Swiss Properties: details of the purchase portfolio in connection with the approaching capital increase

    11-Jun-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, 11 June 2024
    Ad hoc announcement pursuant to Art. 53 LR


    Swiss Life REF (CH) ESG Swiss Properties: details of the purchase portfolio in connection with the approaching capital increase


    Swiss Life REF (CH) ESG Swiss Properties is acquiring a residential property portfolio from Swiss Life AG at a market value of around CHF 700 million. FINMA has approved the transfer of the portfolio.


    The portfolio comprises 47 properties distributed throughout Switzerland. Significant market values are to be found in the municipalities of Zurich, Pfäffikon (SZ), Schaffhausen, Liestal, Allschwil (BL), Fribourg, Montreux and Lausanne. Following the acquisition, the combined value share of the consolidated portfolio in the market regions of Northwestern Switzerland, Eastern Switzerland and Central Switzerland will be about 5% higher, while the share of the Zurich market region will be correspondingly lower.

    The gross initial yield of the acquired portfolio is around 4.6% (compared to around 3.9% for the existing portfolio). The growth of the portfolio will reduce the fund’s management fee from 0.54% of GAV to 0.51% p.a. The combination of increased profitability and improved cost-effectiveness will have a positive impact on the net income of Swiss Life REF (CH) ESG Swiss Properties.

    Please refer to the latest client presentation on the website for more information on the purchase portfolio, including a full list of properties.

    Fund information

    Name: Swiss Life REF (CH) ESG Swiss Properties
    ISIN / security no. of fund: CH0293784861 / 29378486
    Income: Distributing
    Legal form: Contractual real estate fund
    Fund domicile: Switzerland
    Circle of investors: Non-qualified and qualified investors
    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
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    Swiss Life Asset Management AG Swiss Life REF (CH) ESG Swiss Properties: details of the purchase portfolio in connection with the approaching capital increase Swiss Life Asset Management AG / Key word(s): Capital Increase Swiss Life Asset Management AG: Swiss Life REF (CH) ESG Swiss Properties: details of the purchase portfolio in connection with the approaching capital increase 11-Jun-2024 / 07:00 …

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