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Tag: Swiss Life Asset Managers

  • Swiss Life invests in development of JFK Airport

    Swiss Life invests in development of JFK Airport

    The Zurich-based life insurer Swiss Life is investing in a development project at JFK Airport in New York through its Swiss Life Asset Managers division. According to a media release , Swiss Life Asset Managers has committed itself to a minority stake in the new construction of Terminal One. Together with JLC Infrastructure and other consortium partners, a sum of 9.5 billion dollars will be provided.

    An approximately 223,000 square meter "ultramodern" terminal is to be built. It represents an "infrastructure investment with attractive long-term growth potential and fits very well with our fund's investment strategy," said Sinisha Ponzio, Head of Value Add Infrastructure at Swiss Life Asset Managers.

    The new investment represents the third investment in the aviation sector for Swiss Life Asset Managers. The insurer sees this as "a vote of confidence in the future of modern aviation". Swiss Life Asset Managers does not expect the aviation industry to slow down. In this context, the airlines' improved capacity utilization, new aircraft orders, technological progress and the construction of modern airport facilities are highlighted.

  • The Circle: Switzerland's largest Minergie building certified

    The Circle: Switzerland's largest Minergie building certified

    Minergie and LEED certification has been an integral part of planning and construction at the Circle for 12 years. In the presence of Christian Appert, CEO Amstein + Walthert AG, Martin Kull, CEO and owner HRS Real Estate AG, Daniel Scheifele, Chief Real Estate Officer, Flughafen Zürich AG, Giorgio Engeli, Head Real Estate Portfolio Management Switzerland, Swiss Life Asset Managers, and Stefan Feldmann, Head The Circle, Flughafen Zürich AG, the team around The Circle celebrated on Monday, June 27, 2022, the goal they have now achieved.

    Beautiful, functional, climate-optimized
    With a good 200,000 m 2 energy reference area, the circle accounted for 6% of the certified Minergie area in the year of provisional certification, but was only one of around 1,900 buildings. This shows the size and importance of this extraordinary building in the Swiss context. The Circle is the largest Minergie-certified building in Switzerland. According to government councilor Marc Mächler, the Minergie certificate means that – in addition to all other requirements and uses – the building is also climate-optimized. Climate-optimized means «that this building does not accelerate climate change and that it uses resources carefully. It is efficient and works almost entirely with renewable energy instead of fossil energy.” 

    Thanks to intensive cooperation between the Minergie certification body and those responsible for the circle, the high requirements of the Minergie quality label for the building envelope and ventilation could also be met. Andreas Meyer Primavesi, Managing Director of Minergie, is pleased that the result ultimately benefits everyone: “Especially with today’s energy prices, every kilowatt hour of energy saved is worth it – not only for the climate, but also financially”.

    Into the net-zero energy future
    With the leading Swiss building label Minergie, more than 12 million tons of CO 2 and 67 million megawatt hours of energy have been saved since 1998 thanks to over 53,000 Minergie buildings compared to the minimum legal requirements. Minergie certifies around 3 million m 2 of energy reference area per year. In close coordination with the cantons, Minergie always leads the way and is therefore a pioneer in cantonal energy laws. This interaction has worked since the beginning and continues successfully. Minergie is currently looking very closely at the energy used and the greenhouse gas emissions in the construction of a building. And secondly, Minergie is striving to improve the operating phase: Extensive, digitized building data is used to measure the energy flows during operation in order to then carry out operational optimization where necessary on the basis of the monitoring. For years, fossil-free operation – even with modernization – Minergie is moving more and more towards net zero. The Minergie-A-ECO standard comes closest to the Swiss net-zero building.

  • Zurich is the second best city in Europe for real estate investments

    Zurich is the second best city in Europe for real estate investments

    Zurich gained two places in the European Thematic Cities Index (TCI) compared to the previous year and is now in second place. London is in first place and Stockholm is in third place. According to a press release , this index from Swiss Life Asset Managers measures 135 European cities in 28 countries. He evaluates them on five core themes that shape a city’s real estate market: Change and Disruption, Climate and Environment, Communities and Clusters, Consumers and Lifestyle, and Connectivity. He wants to offer a comparability for real estate investments.

    The six Swiss cities in the ranking are all in the top 50 of the TCI. Among them, Zurich remains “the most dynamic and healthy city with the best networks”. Despite the lack of an international airport, Bern’s 9th place is now “the third most accessible city in the entire ranking”. Basel gains one place compared to the previous year and is in 7th place, Lausanne in 15th place. Geneva has gained the most with 16 places and is listed in 31st place. Due to its “less environmentally friendly mix of sectors and above-average car use”, Lucerne lost nine places and ended up in 41st place.

    According to the TCI, all six Swiss cities promise little growth potential despite their stability and attractiveness. According to this analysis, they are all among the eleven worst European cities in terms of this criterion. And as in the TCI 2021, this year’s analysis rates health as the weakest issue in Swiss cities.

  • MIPIM 2022: Between desire and reality

    MIPIM 2022: Between desire and reality

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    MIPIM 2022 took place from March 15th to 18th – and it was far from the industry euphoria of three years ago under the impression of a conflict almost 2,000 kilometers away. While the Ukraine was at least visually represented with a mostly deserted stand, there was hardly a trace of Russia or Russian cities. Only a few obvious gaps in the trade fair room allocation indicated that there had also been cancellations at short notice.

    Interest rates are rising again…
    The industry buzzwords ESG, impact investing and interest rates were also part of the discussions in many places. From the Federal Reserve Bank in the USA alone, further interest rate hikes are expected this year, which would result in key interest rates of just under two percent at the end of the year. The market assumes that other central banks (UK, EU, CH) will follow suit, albeit with a time lag. For Switzerland, this means that negative interest rates will soon be a thing of the past. In the case of ten-year federal bonds, a value of 0.425 percent was already reached on the Wednesday of the fair (March 16, 2022) – a level that was last recorded at the end of 2014.

    … and what next for decarbonization?
    The topic of sustainable or green investments was also represented in many MIPIM panels and discussions. But even if there are now many options for measuring sustainability as well as certificates and labels: the coming years will challenge the construction and real estate industry on many levels. On the side of the energy sources alone, the change away from fossil fuels to renewable ones has added another dimension with the Ukraine-Russia conflict. It is now time to reassess the oil and gas factors in the real estate industry’s decarbonization efforts. It remains to be seen whether this will ultimately lead to oil and gas heating systems being discarded sooner in this country.

    Farewell to old braids
    Other significant changes are also becoming apparent in the traditional asset classes. The traditional real estate classifications such as residential, office and retail are becoming more diverse. This has already been shown in recent years thanks to online shopping, coworking and coliving. The hospitality forum on the Thursday of the trade fair, for example, showed that there is also something new happening in the hotel industry. Swiss Life Asset Managers announced the new camping investment class there and is even considering launching its own fund product in this area. In general, it can be said that the star classifications are becoming less important for hotel users, with the focus increasingly being on the extraordinary experience, special locations and trips close to nature and the local people.

    Propel Awards for newcomers
    The four winners of the PropTech competition Propel were also chosen this year at the real estate fair in Cannes: From the 20 finalists, centralF (optimization tool for workplaces) in the data category, Apricot (leasing for homebuyers) in the investment category, OakTree Power ( Demand optimization for building energies) in the sustainability category and Parametric Solutions (software solution for project developments) in the user experience category. A Swiss proptech startup was not represented in the global competition.

    Swiss project wins MIPIM competition
    On the evening of the Thursday of the fair, however, there was an award for an outstanding Swiss construction project: the Musée Atelier Audemars Piguet in Le Brassus received an award in the “Best Cultural and Sports Infrastructure” category. The museum extension designed by the Danish Bjarke Ingels Group (BIG) includes a new glass structure that integrates into the landscape by means of two spiral structures. Inside, the museum offers a glimpse into the history of watchmaking in the Vallée de Joux.

    25th anniversary of Swiss exhibition stands
    The two Swiss networks Swiss Circle for German-speaking Switzerland and Horizon Léman for western Switzerland also had something to celebrate this year. The exhibition stand organizers and initiators Roman H. Bolliger and Yves de Coulon were delighted to receive congratulations and two “birthday cakes” from the MIPIM organizer RX on their 25th anniversary. The handover took place after the MIPIM event “Forum Suisse”, where Swiss industry players from Swiss Prime Site, Mobimo, M3 and Wüest Partner discussed the topic of “mobility and its consequences for the real estate industry”. In 2022, more than 50 companies from Switzerland used the two trade fair platforms Swiss Circle and Horizon Léman for international exchange on the Côte d’Azur.

  • Swiss Life Asset Managers expands real estate funds

    Swiss Life Asset Managers expands real estate funds

    Swiss Life Asset Managers has acquired two office properties in Berlin and Antwerp, an industrial property in the Stuttgart area and a residential property in Oldenburg for the real estate fund Swiss Life REF (CH) European Properties . At the same time, an office property in Oxford was sold at a profit.

    The assets held in the fund have thus currently reached a level of almost EUR 715 million. In the persistently low interest rate environment, attractive returns can still be achieved with investments in European real estate, writes Swiss Life Asset Managers. The asset manager plans to carry out another capital increase for the fund in autumn of this year.

    In the communication, Swiss Life Asset Managers also communicates its own commitment to sustainability. “Environmental, social and governance factors (ESG) are systematically included in the investment and risk management processes at Swiss Life Asset Managers,” writes the company. Last year, the Swiss Life REF (CH) European Properties achieved 72 percent in the Global Real Estate Sustainability Benchmark and thus received three stars and Green Status, Swiss Life Asset Managers informs. The company signed the United Nations Principles for Sustainable Investment back in 2018.

  • Swiss Life Asset Managers purchases in Oslo

    Swiss Life Asset Managers purchases in Oslo

    Swiss Life Asset Managers has taken over the real estate business of the Oslo-based investment company Ness, Risan & Partners ( NRP ). The acquired business area for commercial real estate and real estate funds with its 39 employees will in future operate under the Swiss Life Asset Managers brand.

    "With one of the leading providers of logistics real estate in the Nordic countries, we can strengthen our geographical presence in line with our strategy and further expand our position as a leading real estate manager in Europe", Stefan Mächler, CIO of the Swiss Life Group, is quoted in a press release. Nothing was known about the financial details of this transaction. It is expected to be completed in the fourth quarter.

    NRP has a strong network and knowledge of the Nordic commercial real estate market. Founded in 2000, the company manages a diverse portfolio of office, retail and industrial properties. At the end of 2020, NRP managed and managed assets worth the equivalent of 1.2 billion Swiss francs. In addition to the real estate industry, NRP is also active in the shipping and offshore sectors.

    Christian Ness, founder and managing partner of NRP, is certain to have found “the perfect partner for NRP”, “who has a strategic approach, financial strength, know-how and a network that makes this relationship more valuable than the sum total of the individual parts. "

  • Swiss Life Asset Managers real estate fund increases capital

    Swiss Life Asset Managers real estate fund increases capital

    Swiss Life Asset Managers has successfully completed a capital increase for the real estate fund Swiss Life REF (LUX) German Core Real Estate SCS, SICAV-SIF, informs the asset manager belonging to the Swiss Life Group in a message . A total of 108.7 million euros were raised, it continues. The funds are to be used to acquire sustainability-oriented properties in Germany.

    Among other things, Swiss Life Asset Managers will acquire contractually secured residential properties that are characterized by energy efficiency and earnings potential, the company explains in the press release. In general, at least 50 percent of residential real estate should continue to be held in the fund. However, part of the newly brought in funds will be used to acquire commercially used properties in good to very good locations in German cities.

    Swiss Life Asset Managers signed the UN Principles for Responsible Investment as early as 2018, the announcement further explains. According to her, the company applies appropriate environmental, social and corporate management criteria to both the purchase and management of real estate.