Swiss Life collects €200m for European Industrial & Logistics Fund

Swiss Life Asset Managers has raised more than €200 million ($242 million) in equity for its recently launched European Industrial & Logistics Fund.

Opened to investors in September, European Industrial & Logistics Fund will invest in a diversified, equally weighted portfolio of high-quality industrial and logistics assets across Europe, with a particular focus on Germany and France. The fund has already acquired three properties in Germany, which include a business park near Munich, a logistics property in Bremen and a business park near Stuttgart.

Swiss Life has also planned additional acquisitions and has a promising pipeline of new construction projects.

“The success of the first subscription period emphatically confirms the confidence among our investors and underpins the demand for innovative concepts in an emerging asset class — especially in the challenging environment surrounding COVID-19 — as well as the competence of Swiss Life Asset M