The capital increase at Swiss Life REF (LUX) ESG Commercial Prop-erties Switzerland (subscription period: 21 June to 9 July 2021) has been successfully concluded.
The capital increase attracted a lot of interest from investors and was oversubscribed. The issuance took place on a best-effort basis. The maximum number of 89’127.28 units were issued at an issue price of CHF 1’265.04 per unit (incl. subscription fees). The subscription volume totalled approximately CHF 110 million. The proceeds will be used to lower the share of debt financing and to strengthen the equity base for further qualitative growth. The new units will be issued on Monday 30 August 2021. The net fund assets now total approximately CHF 938 million and the value of the real estate portfolio comes to around CHF 1’409 million.
Since 1 March 2021, the fund has been managed as an ESG strategy product pursuant to Art. 8 SFDR (Sustainable Finance Disclosure Regulation, EU). We have accordingly added "ESG” to the name. As with GRESB, the fund is thus subject to a dedicated sustainability strategy and systematically implements sustainability measures. For example, buildings are regularly optimised in operational terms, surveys are periodically conducted among business tenants to gauge their satisfaction levels, and the fund is subject to the annual GRESB rating.
Information on the fund
||Swiss Life REF (LUX) ESG Commercial Properties
|ISIN | Swiss security number
||LU0820924123 | 19328638|
||FCP – SIF (fonds commun de placement, authorised
as a specialised investment fund)
|Fund currency||Swiss franc
||Swiss Life Asset Managers Luxembourg
||Swiss Life Asset Management Ltd
||Société Générale Luxembourg
||31 October 2012