Swiss Life Asset Managers has acquired Swedish-based real estate company Wilfast Förvaltning for an undisclosed price, boosting its presence in the Nordic region.
Wilfast, established in 1992, provides services for property and business management, leasing, transactions, and project development within real estate.
It manages 1.6 million m2 of commercial properties across Sweden, Denmark, and Finland worth an estimated SEK 20 bn (€1.8 bn).
Wilfast will continue operating under its brand shortly, transitioning to the Swiss Life Asset Managers brand over time. The Gothenburg office will remain active, ensuring continuity for employees and clients.
Christian Ness, CEO of Swiss Life Asset Managers Nordic, said: ‘Wilfast’s more than 30 years of experience in the real estate industry, combined with a deep understanding of each link in the value chain and the company’s specialist expertise, has convinced us that they are the right partner to strengthen our capabilities in Sweden. With the acquisition of a highly capable firm we will accelerate our growth strategy in the Nordics with a physical market entry in Sweden, adding strong local expertise, market know-how and trusting relationships locally.’
Mattias Wilson, managing director of Wilfast Förvaltning AB, added: ‘We are delighted to have found a like-minded partner in Swiss Life Asset Managers to enable us to continue to offer a wide range of services within property and business management, leasing, transactions and project development. Together with Swiss Life Asset Managers we are looking forward to further developing our very good relations with our existing partners. We value the strategic direction, financial strength and the wider European network which Swiss Life Asset Managers offer us and look forward to the new opportunities ahead.’
With a proven track record of collaboration and a deep understanding of each other's strengths, Swiss Life and Wilfast saw the acquisition as a strategic leap forward. By integrating Wilfast's local presence and proven capabilities, Swiss Life Asset Managers gains a strong foothold in the Swedish market, strategically expanding its brand and reach.
