immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Swiss Life

  • Growth in premiums and fees in the half-year under review

    Growth in premiums and fees in the half-year under review

    The Swiss Life Group reports an operating profit of CHF 903 million for the first half of the year. In a year-on-year comparison, this corresponds to growth of 3 per cent in local currency, the internationally active insurance group from Zurich reported in a press release. At CHF 602 million, however, net profit was CHF 30 million lower than in the first half of the previous year. Swiss Life cites a year-on-year increase in tax expenses of CHF 36 million as the reason for this.

    “We were able to further expand both our insurance and fee business and achieved a higher operating profit”, Group CEO Matthias Aellig is quoted as saying in the press release. Specifically, Swiss Life increased its own premium income by 5 per cent in local currency to CHF 12.1 billion. At the same time, fee income rose by 2 per cent in local currency to CHF 1.27 billion. “We also significantly increased net new money inflows in the investment business for third-party clients and our solvency remains strong,” explains Aellig. “With these results, we have made a successful start to our Swiss Life 2027 corporate programme and are on track.”

    In the Swiss Life 2027 programme, the Group has set itself the goal of increasing its result in fee-based business to over CHF 1 billion per year by 2027. A result of CHF 392 million was achieved in the half year under review. Swiss Life has set a target range of 17 to 19 per cent for the return on equity in 2027. In the half year under review, the return on equity was 17.6 per cent.

  • 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.

  • 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.

  • Residential locations in the countryside are becoming more attractive

    Residential locations in the countryside are becoming more attractive

    Swiss people rarely move. And when they do, in half of all relocations the new place of residence is only five kilometers away from the old one. The average distance is 13 kilometers. This is shown by a representative survey of the house and living situation in Switzerland by Swiss Life .

    As the life insurance group explains in a press release , almost 60 percent of homeowners and 25 percent of tenants have been living in their current home for ten years or more. At the same time, however, for around 30 percent of those surveyed, the desire to live in the countryside or at least with a terrace increased during the pandemic.

    Around two thirds of homeowners have felt more quality of life and more self-determination since buying their own home. 37 percent said that they were completely satisfied with their current living situation, especially those who owned their own home. 15 percent are moderately or not at all satisfied. Most of them lack space or a garden, or they are bothered by noise and environmental pollution.

    Over 60 percent of those who can imagine buying their own home in the next five years expect that this would improve their quality of life. But only 21 percent of them are actively looking for a home of their own.

    Requirements for the ideal place to live in terms of costs, equipment and security vary depending on the language region. In addition, a garden is central in the country, and there is a connection to local public transport in the city. If this is perceived as good, the willingness of commuters to move decreases.

  • PriceHubble raises $ 34 million

    PriceHubble raises $ 34 million

    Zurich-based PriceHubble AG has successfully completed a Series B financing round. The proptech was able to raise $ 34 million from new and existing investors, according to a media release . It focuses on real estate valuations and property insights on the basis of big data analytics and artificial intelligence. This round was led by Digital + Partners . The internationally growing company received "significant investments" from Latitude Ventures , TX Ventures and Business Angels. It also met with great demand from existing investors, including Swiss Life and btov / Helvetia Venture Fund .

    This is one of the largest B rounds in the European proptech scene, said Dr. Stefan Heitmann, Co-Founder and Chairman of the Board of Directors of PriceHubble. CEO Julien Schillewaert considers it an "important milestone on the way to realizing our vision of becoming the undisputed market leader for data-driven digital solutions for the real estate and financial industries in Europe and Asia".

    For this, PriceHubble “with the combination of an excellent team, a mature technology-driven organization and a best-in-class UX, PriceHubbel is ideally equipped to continue to drive growth, to attract additional top talent and the go-to-market organization to scale internationally ”, says Patrick Beitel, co-founder and managing director at Digital + Partners.

    The company, which was founded in Zurich in 2016, is now active in nine markets: Switzerland, France, Germany, Austria, Japan, the Netherlands, Belgium, the Czech Republic and Slovakia. The B2B customer base has tripled in the past twelve months. It now consists of 800 companies.

  • 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.