The new construction project in Saint-Louis will create 106 modern apartments in an urban location with direct access to EuroAirport Basel-Mulhouse-Freiburg.
Swiss Life Asset Managers has acquired a new con-struction project for its “Swiss Life REF (DE) European Living” open real estate fund at the border triangle in the French city of Saint-Louis. The purchase was com-pleted at the end of September and represents the entry of “Swiss Life REF (DE) European Living” into the French market. The new construction project comprises three buildings with a total of 106 apartments in-cluding green and communal areas. The vendor is the French Nexity Group, which will also take over the project development.
The project, with an area of approximately 4700 square metres, is located in the city centre of Saint-Louis, in the Rue du Ballon, within walking distance of local and long-distance transport, and 5 km from Euro Airport Basel-Mulhouse-Freiburg. The Basel conurbation is directly accessible and can be reached by public transport within about ten minutes.
There will be communal areas for all residents, including a gym, coworking space and access to a shared rooftop area. Furthermore, each apartment has its own parking space as well as a terrace or balcony. All units are fitted out to the highest standards, including fully equipped kitchens.
The project will be built to be more energy-efficient and lower in emissions than the current standard for new buildings in France. This corresponds to approximately EPC Level A. In addition, the buildings are aiming for the French “NF Habitat” quality certificate.
The city of Saint-Louis is located in the border triangle of France, Germany and Switzerland in the French Alsace, with around 1 million residents from three countries. It has a positive demographic trend, with the population having increased by more than 8.5 percent since 2006. The city benefits from excellent infrastructural connections, including EuroAirport Basel-Mulhouse-Freiburg, which is located on the city periphery.
"With our successful market entry in France, we are setting a significant precedent for the expansion of the European portfolio allocation. The French real estate market offers many opportunities which we want to exploit for our investors. This property in an urban location connected to the greater Basel area is an ideal fit for our acquisition profile”, says Viktoria Hoffmann, fund manager of European Living.
Further information about “Swiss Life European Living”:
“Swiss Life REF (DE) European Living” is an open-ended public fund for private investors in Germany with residential properties in Europe. It is set up and managed by Swiss Life Kapitalverwaltungsgesellschaft mbH. Distribution is exclusively through Deka. The investment strategy of “Swiss Life European Living” aims to address the growing demand for living space in European metropolitan regions and attractive urban areas. The investment focus is on residential properties in regions with positive demographic and economic development. In addition to traditional forms of housing, modern forms such as micro-apartments, serviced, senior and student housing are also considered.
the full name of the fund is “Swiss Life REF (DE) European Living”. Further information on Swiss Life European Living is available at:
Communications, Swiss Life Asset Managers, Germany
Phone: +49 69 240031 447