Swiss Life has reorganised the structure of its €7.3 bn real estate business in France.
Swiss Life has reorganised the structure of its €7.3 bn real estate business in France.
Back in 2011 Swiss Life established its French property business by taking control of Viveris REIM. A clearer division between the investment and property manager activities came into force on 1 May.
The main brand, Swiss Life REIM (France), refers to the regulated entity dedicated to investment fund management, conducting capital raising activities for asset management mandates. Swiss Life Immobilier covers property management, operating both lease management and technical management activities.
This reorganisation comprises more than 70 employees in Paris, Marseille and the Lille metropolitan area, and represents total managed assets of about €7.3 bn at end-December 2014 with 274 properties located throughout France.
Frédéric Bôl will take over the management of all real estate business in France, while remaining head of Swiss Life REIM (France) and becoming CEO of Swiss Life Immobilier. He will report to Stefan Mächler, Group chief investment officer and head of real estate management at Swiss Life Asset Managers.
Henri Rémond becomes deputy CEO of Swiss Life Immobilier, in addition to his current roles of head of asset management of Swiss Life REIM (France) and member of the board. He will supervise all acquisitions, asset management and property management mandates. A deputy director joined the team at the beginning of May to assist Rémond as head of asset management.
Bôl, Founder and CEO of Swiss Life REIM (France): 'From an operational perspective, this organisation will leverage existing synergies while covering all real estate activities, and thus confirm our ambitious development. To achieve this goal, we will draw on the complementary areas of expertise of our teams and on technical aspects of our business in order to extend our offering to our clients.'
