The capital increase of the Swiss Life REF (CH) European Properties real estate fund has been successfully concluded. The issue will generate new assets totalling the maximum amount of around EUR 70 million.

The capital increase from 29 June to 17 July 2020 for Swiss Life REF (CH) European Properties attracted considerable interest from investors and was oversubscribed. New assets totalled around EUR 70 million.

The issue took place on commission (“best effort basis”) as part of a subscription offer in Switzerland. No subscription rights were traded during the subscription period. With a subscription ratio of six (6) to one (1) – six subscription rights equate to the purchase of one new fund unit – the maximum amount of 666 666 units was distributed at an issue price of EUR 105.00 per unit. Payment for the new units will be made on 27 July 2020. From that date there will be 4 666 666 units in circulation.

The new capital will be used to acquire properties and repay short-term debt financing. The fund currently owns 15 properties in nine European countries with a total market value of around EUR 508 million. The additional capital will enable the fund to continue its successful growth strategy and diversify its portfolio.

Details of the real estate fund

Name Swiss Life REF (CH) European Properties
ISIN | Security number CH038 541 554 9 / 38 541 554
Legal form of the real estate fund
Contractual investment fund under Swiss law of the type “real estate fund” for qualified investors
Portfolio manager
Swiss Life Asset Management Ltd., Zurich
Fund management company
Swiss Life Asset Management Ltd., Zurich
Custodian bank
Credit Suisse (Switzerland) Ltd., Zurich

Media contact

Media Relations
Tel.: +41 43 284 77 77
E-Mail: media.relations@swisslife.ch

Investor Relations
Tel.: +41 43 284 52 76
E-Mail: investor.relations@swisslife.ch