Swiss Life Asset Managers has announced the purchase of a multi-let office and commercial property in Dresden on behalf of its recently launched Swiss Life REF (DE) Key Regional Cities Germany fund.
Financial details were not disclosed.
The asset provides 8,000 m2 of office and retail space and is almost fully let to tenants including the University of Dresden and insurance group Versicherungskammer Bayern. The property was acquired from a family office.
The deal represents the third acquisition for the fund following the purchase of an office property at Munzingerstraße 5, 5a in Freiburg and the Sheridan Tower in Augsburg. The fund is targeting a size of €250 mln.
