Swiss Life Asset Managers has raised more than €200 mln in capital commitments and acquired three properties in Germany for its recently launched European Industrial & Logistics Fund.
Swiss Life Asset Managers’ European Industrial & Logistics Fund, which was launched in September 2020, aims to invest in a diversified, equally weighted portfolio of high quality industrial and logistics assets across Europe, with a particular focus on Germany and France.
The fund has acquired three properties in Germany: a business park in Karlsfeld, near Munich, a logistics property in Bremen and a business park in Böblingen, near Stuttgart. The properties were acquired for their good geographical locations and access to Europe. Further acquisitions with a promising pipeline of related new construction projects are planned, Swiss Life said.
‘The success of the first subscription period emphatically confirms the confidence among our investors and underpins the demand for innovative concepts in an emerging asset class – especially in the challenging environment surrounding Covid-19 – as well as the competence of Swiss Life Asset Managers in managing real estate investments. With this offering, we provide existing as well as future investors with an attractive investment opportunity,’ said Marius Würgler, head of Sales & Marketing at Swiss Life Asset Managers.
