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Sign in Sign up for a FREE subscriptionSwiss Life buys first asset for €700m fund
Swiss Life Asset Managers has purchased two buildings in a major office scheme in Vienna for its new €700 million REF Key Metropolitan Areas Europe fund.
The seller was German builder Hochtief.
The sales price was not disclosed.
The 183,000-square-foot Marximum office complex is located in the Erdbergcity area on the border. It is 90 percent occupied.
The Swiss Life REF (DE) Key Metropolitan Areas Europe fund was launched by Swiss Life Asset Managers late last year and is aimed at German institutional investors. The fund invests in commercial properties in core European markets with established economic centers with employment growth and liquid investment markets. Acquisitions will focus on cities in European metropolitan regions in France, Scandinavia and the Benelux countries, while additional investments are planned for the United Kingdom and central and southern Europe. In addition to office properties and inner-city retail real estate, the fund can
