Swiss Life and Corpus Sireo to launch €1b German fund

Swiss Life Asset Managers and Corpus Sireo are planning to raise a real estate fund to invest in German real estate. The Swiss Life REF German Core Real Estate fund is set up under Luxembourg law and will invest in German residential, office and retail properties.

The opening of the real estate fund for Swiss institutional investors is scheduled for Dec. 1, 2015. The fund will have an initial volume of up to around €400 million ($438 million) and aims at a target investment of approximately €1 billion ($1.1 billion) in the medium term.

The fund invests in residential, office and retail properties. Acquisitions will focus on Berlin, Cologne, Düsseldorf, Frankfurt, Hamburg, Munich and Stuttgart, investing in individual properties in prime locations with long-term income potential.