Fundraising - JANUARY 25, 2017

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Swiss Life launches European real estate fund

by Jody Barhanovich

Swiss Life Asset Managers has launched Swiss Life REF European Real Estate Living and Working.

The open-end fund is a mutual property fund targeting European real estate. The fund’s primary investment focus is on the segments of housing and healthcare living, office, and retail. The fund is primarily aimed at German private investors and is targeting returns of more than 2.5 percent.

The new fund is also breaking new ground in terms of its geographical investment strategy. It will particularly invest in B locations in A cities and A locations in B cities, an approach known as the ABBA strategy.

Swiss Life insurance group has already provided €200 million ($214.9 million) to the fund.

“We are implementing the first new fund product in a series of open-ended and closed-end property funds for institutional and private investors. This emphasizes our intention to expand our position in one of the most important investment markets

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