Swiss Life Asset Managers is expanding its activities in the German market for real estate funds with its own investment management firm. The Swiss asset manager obtained the business licence for the newly founded Swiss Life KVG from the German financial supervisory authority BaFin.
The Swiss asset manager intends to use the now licensed Swiss Life KVG in Germany to launch open and closed end real estate investment funds according to German law for institutional investors. In addition, a mutual real estate AIF shall be launched for private investors. Swiss Life Asset Managers prepared for the expansion of its market presence by fully acquiring the German special property fund and asset management company Corpus Sireo in 2014.
Corpus Sireo is a multi-disciplinary real estate service provider and acts as a fund and asset manager and project developer in Germany and other European countries. It manages special funds with a current volume of €1.7bn. It has expertise and its own presence in German regional markets and in the healthcare real estate sector, where the company is one of the leading German fund providers.
Bernhard Berg, CEO of Corpus Sireo, says: "We are adding to our already established range of funds from Luxembourg by setting up German open-ended property funds with innovative investment strategies and funds for institutional investors. We will focus on social megatrends and their effects on real estate markets."
Stefan Mächler, Chief Investment Officer of the Swiss Life Group says Swiss Life KVG will launch its first funds in just a few weeks.
