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Tag: Swiss Life REF

  • Swiss Life Asset Managers increases dividend for property funds

    Swiss Life Asset Managers increases dividend for property funds

    The Swiss Life REF (CH) ESG Swiss Properties real estate fund closed the 2023/24 financial year with a profit of CHF 64.2 million, Swiss Life Asset Managers announced in a press release. The asset manager, which is part of the Swiss Life Group, intends to distribute CHF 58.3 million of this to investors. To this end, the dividend will be increased from CHF 2.60 for the previous financial year to CHF 2.70 per share.

    In the year under review, Swiss Life Asset Manager integrated 47 newly acquired properties into the fund. At the same time, the sale of seven properties generated a net capital gain of CHF 7.2 million for the fund. The value of the properties held over the entire reporting period increased by 0.4 per cent net year-on-year. Rental income was 4.5 per cent higher than in the previous year. The vacancy rate rose from 1.5 per cent to 1.6 per cent.

    At the end of the financial year on 30 September 2024, the fund comprised 201 portfolio properties with a total market value of CHF 3.21 billion. The net asset value per unit before distribution remained unchanged year-on-year at CHF 113.73.

  • Swiss Life Asset Managers aligns real estate funds with sustainability

    Swiss Life Asset Managers aligns real estate funds with sustainability

    Zurich-based Swiss Life Asset Managers AG is renaming its real estate fund Swiss Life REF (CH) Swiss Properties. With the addition of ESG in the fund name and documents, the asset manager is signaling its efforts for more sustainability in accordance with environmental, social and governance factors (ESG), according to a press release .

    Accordingly, the company has been pursuing a sustainability strategy since 2018. In this context, the real estate fund’s properties are to be “gradually optimized with regard to ecological and social criteria as well as aspects of good corporate governance”.

    For better energy and CO2 efficiency, fossil heating systems in existing buildings are to be replaced and new objects are to be checked for sustainability before they are bought. For repairs and investments, the company intends to use a specially developed construction guideline in the future. According to the information, it contains, among other things, minimum energy requirements and “specifications for the targeted use of building certifications”.

    Swiss Life Asset Managers wants to introduce social standards when dealing with tenants. According to the press release, this is reflected in regular surveys of their satisfaction. They should also be informed about sustainability issues.