Swiss Life Asset Managers launches European living fund

Swiss Life Asset Managers has launched a new open-end investment vehicle, the firm announced on Oct. 8.

The new fund, Swiss Life REF (DE) European Living, will focus on residential real estate in European metropolitan areas.

The firm also manages the Swiss Life REF (DE) Living + Working fund, an open-end property fund for private investors in Germany.

Launched in January 2017, the Living + Working fund currently has 18 properties in four European countries with an investment volume of €350 million ($385 million). It invests in residential and healthcare properties in Europe, as well as office and retail properties.

The funds are supported by German fund manager, Corpus Sireo, which has been part of Swiss Life Asset Managers since 2014.

One of the larger acquisitions by Corpus Sireo in the first half of the year was the landmark property Zoom at Bahnhof Zoo in Berli