Swiss Life plans real estate fund capital increase

  • 9/1/2021
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ZURICH (Reuters) - Swiss Life’s REF (CH) Swiss Properties real estate fund plans to raise capital in December to acquire a roughly 350 million Swiss franc ($381.10 million) real estate portfolio, Swiss Life said on Wednesday. “The acquisition of a high-quality new portfolio worth some CHF 350 million is being studied with a view to continuing the strategy of qualitative growth,” Swiss Life’s asset management arm said, adding the new portfolio included 18 properties. “The portfolio is currently owned by Swiss Life Ltd.” ($1 = 0.9184 Swiss francs) Reporting by Brenna Hughes Neghaiwi; Editing by Riham Alkousaa Our Standards: The Thomson Reuters Trust Principles.

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