Swiss Life Asset Managers has launched its own property investment management firm for the German market.
The newly founded Swiss Life Kapitalverwaltungsgesellschaft (Swiss Life KVG), which has been licensed by the German financial supervisory authority BaFin, plans to launch open and closed-end real estate investment funds for institutional investors.
'With Swiss Life KVG, we are creating a platform for setting up our own real estate funds in Germany. Together with our German subsidiary Corpus Sireo, we want to use this to promote business with institutional and private investors in one of Europe's leading investment markets,' said Stefan Mächler, chief investment officer of the Swiss Life Group.
Mächler added that Swiss Life KVG would launch its first funds in a few weeks. In addition, a mutual real estate AIF willl be launched for private investors.
Corpus Sireo, the German special property fund and asset manager acquired by Swiss Life in 2014, will support the new venture.
'With our group's own investment management company, we are adding to our already established range of funds from Luxembourg by setting up German open-ended property funds with innovative investment strategies and funds for institutional investors,' commented Bernhard Berg, CEO of Corpus Sireo. 'We will focus on social megatrends and their effects on real estate markets,' he added.
Corpus Sireo currenty manages special funds with a total volume of €1.7 bn.
Swiss Life KVG will be managed by Ingo Hartlief (pictured) as CEO and Dr Christine Bernhofer. 'Swiss Life KVG will tap into new, attractive potential in the German real estate sector. We will thus help our parent company expand its fund activities in one of the most significant European real estate markets,' said Hartlief, who is also deputy spokesman and COO of Corpus Sireo.
