Swiss Life Asset Managers purchases retail properties in Spain and Germany

Swiss Life Asset Managers is expanding its presence in Europe with the acquisition of 2 retail assets in Spain and 3 retail assets in Germany. The purchased properties  are allocated to the Swiss Life REF (LUX) European Retail SCS, SICAV-SIF fund, a Luxembourg specialized investment fund managed by Swiss Life Fund Management (LUX) S.A. Swiss Life REIM (France) acts as the Investment Advisor. 

This fund, created in 2017, aims at building up a Real Estate portfolio located primarily in France and in Germany with a possible diversification in Belgium, Luxemburg, Italy, Spain and Portugal. 

Acquired in December 2018, the 3 German assets are located in Bonn, Dortmund and Manheim. The 2 properties in Spain are located in San Sebastian. They are part of a portfolio including 4 more assets located in Madrid and Burgos, which will be acquired in 2019 and 2020.

These properties, all high street assets, are ideally located in well-established retail destinations. 

 “With these acquisitions, allocated to the Swiss Life REF (LUX) European Retail SCS, SICAV-SIFSL REF (LUX) European Retail fund, we were able to take advantage of the rare opportunity to acquire retail assets on behalf of the fund.  The acquisitions are excellent high street locations, thus diversifying our strategy on European retail with a mix of Northern and Southern regions" says Julien Ganier, Head of third-party portfolio management, Swiss Life Asset Managers in France. 

The portfolio of the Swiss Life REF (LUX) European Retail SCS, SICAV-SIF now consists of 23 assets: 16 are located in France, 5 in Germany and 2 in Spain. Other acquisitions will be announced soon.

Fund information
 

Media contact

Media Relations
Tel.: +41 43 284 77 77
E-Mail: media.relations@swisslife.ch

Investor Relations
Tel.: +41 43 284 52 76
E-Mail: investor.relations@swisslife.ch