The capital increase for 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 81 million.
The capital increase for Swiss Life REF (CH) European Properties, which ran from 9 to 22 September 2021,
attracted considerable interest from investors and was oversubscribed. New assets totalled around EUR 81 million.
The issue took place on a commission (“best effort") basis as part of a subscription offer in Switzerland. No subscription rights were officially 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 777 777 units was distributed at an issue price of EUR 105.00 per unit. Oversubscription will be reduced proportionately. The value of a subscription right amounts to EUR 0.08. Payment for the new units will be made on 29 September 2021. From that date there will be 5 444 443 units in circulation.
The issue proceeds will be used for the acquisition of new real estate assets and projects throughout Europe (excl. Switzerland).
The fund currently owns sixteen properties in nine European countries with a total market value of around EUR 566.2 million. The additional capital will enable the fund to continue its successful growth strategy and diversify its portfolio.
Responsible investment
Swiss Life Asset Managers has been a signatory of the UN PRI since 2018. Environmental, social and governance (ESG) factors are systematically integrated into the investment and risk management processes at Swiss Life Asset Managers. In the real estate investment business, appropriate criteria are taken into account both in the purchasing process as well as in construction projects and property management.
Details of the real estate fund
Name | Swiss Life REF (CH) European Properties |
Securities no. | ISIN | 38 541 554 / CH038 541 554 9 |
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 |
Information
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