Swiss Life Asset Managers has raised more than €200m 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 Boblingen, 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. The purchase price was not disclosed.
Marius Wurgler, Head of Sales & Marketing at Swiss Life Asset Managers, 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."
