AST Swiss Life opens two investment groups
The Swiss Life Investment Foundation (AST) intends to use new capital to reduce the debt capital ratio, purchase additional properties, build new buildings and invest in the portfolio. To do this, it is opening up its Real Estate Switzerland and Commercial Real Estate Switzerland investment groups to new subscriptions.
Swiss pension funds can invest in high-quality Swiss properties from AST Swiss Life from February 1 to March 31. The investment foundation is planning to open up its two investment groups, Real Estate Switzerland and Commercial Real Estate Switzerland, worth around CHF 500 million. Payment will be made on May 5th.
According to a press release , the capital is to be used to reduce the debt capital ratio, to purchase further properties, to implement new construction projects and for ongoing investments in the portfolio.
The focus of the Real Estate Switzerland investment group is on residential properties in Swiss cities and agglomerations. The Swiss Commercial Real Estate investment group invests in commercial properties with stable returns and stable values in central locations. Both also hold shares in the Glatt shopping center in Wallisellen. Since their launch, both have had “an appealing performance” of 5.63 and 5.10 percent per year, respectively. In addition, the occupancy rate of more than 97 percent is above average for both of them.