Swiss Life Asset Managers attracts EUR200 million and acquires three assets in Germany for recently launched European Industrial & Logistics Fund
Swiss Life Asset Managers, one of Europe’s leading real estate managers with EUR93.6 billion of assets under management and advice, has raised more than EUR200 million 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.
Following the success of its initial subscription period 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 in the foreseeable future.
Marius Würgler, Head of Sales & Marketing at Swiss Life Asset Managers, says: "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."
Swiss Life Asset Managers’ European Industrial & Logistics Fund is an innovative strategy that combines the advantages of both the industrial and logistics sectors: the highly diversified rental income and flexible use of industrial real estate and the earnings strength and strong demand for logistics assets.
Industrial and logistics properties are characterised by stable returns. In the case of industrial real estate, this is due to the solidity of above average rents received. By combining industrials with strong and growing demand for logistics properties, it provides a defensive strategy that institutional investors value in the current market environment. At the same time, there is long term growth potential as the industrial and logistics segments are both set to benefit from megatrends such as e-commerce, urban logistics, Industry 4.0 and deglobalisation in the coming years. The mix of small scale industrial and large-scale logistics properties points to an above average return with below average earnings fluctuations compared to holding pure logistics investments.
Swiss Life Asset Managers pursues a sustainable investment approach covering the entire life cycle of each asset owned including point of acquisition, annual monitoring of ESG criteria and clear property development guidelines. It is Swiss Life Asset Managers’ aim to make every property more sustainable during its holding period.