Zurich, 7 December 2022
Ad hoc announcement pursuant to Art. 53 LR

Swiss Life REF (CH) ESG Swiss Properties: Portfolio purchase worth around CHF 240 million

Following the successful conclusion of the 2021/2022 financial year, Swiss Life REF (CH) ESG Swiss Properties intends to acquire a high-quality real estate portfolio worth around CHF 240 million from Swiss Life Ltd.

Swiss Life REF (CH) ESG Swiss Properties is planning to acquire a high-quality real estate portfolio from Swiss Life Ltd. as of 15 December 2022. The 15 properties with a market value of CHF 241.7 million reinforce the core strategy of the real estate fund. The new properties are mainly located in the economically strong regions of Zurich (44% of market value) and Lake Geneva (20%), as well as in Western (22%) and Northwestern Switzerland (13%). The distribution of rental income between the "residential" (66%), "office" (13%) and "retail/catering" (15%) uses is also in line with the proven structure. The portfolio, which has additional potential over the long term, is intended to further increase the diversification and stability of the fund portfolio.

The real estate fund Swiss Life REF (CH) ESG Swiss Properties was launched on 2 November 2015 and successfully listed on SIX Swiss Exchange in June 2019. The earnings and price development of the properties and the expansion of the portfolio have resulted in a strong performance by the fund. Annual performance (stock market price trend plus distributions) has averaged 6.73% since the launch (as at 30 September 2022). Its investment focus is on residential real estate in Swiss cities and their surrounding areas. The fund also invests in commercial properties at central locations.  As at the end of September 2022, the portfolio had 151 properties with a market value of around CHF 2 345 million. The Swiss Life REF (CH) ESG Swiss Properties real estate fund participates in the annual GRESB (Global Real Estate Sustainability Benchmark) ratings. In 2022, the fund confirmed its "Green Star" rating with three out of five possible stars.

Further information on the fund is available at the following link.


Information

Media Relations
Phone +41 43 284 77 77
media.relations@swisslife.ch

Investor Relations
Phone +41 43 284 52 76
investor.relations@swisslife.ch

www.swisslife-am.com


Swiss Life Asset Managers
Swiss Life Asset Managers has more than 165 years of experience in managing the assets of the Swiss Life Group. This insurance background has exerted a key influence on the investment philosophy of Swiss Life Asset Managers, which is governed by such principles as value preservation, the generation of consistent and sustainable performance and a responsible approach to risks. Swiss Life Asset Managers offers this proven approach to third-party clients in Switzerland, France, Germany, Luxembourg, the UK and the Nordic countries.

As at 30 June 2022 assets under management for third-party clients amount to CHF 99.7 billion. Together with insurance mandates for the Swiss Life Group, total assets under management at Swiss Life Asset Managers stood at CHF 249.9 billion. Swiss Life Asset Managers is a leading real estate manager in Europe¹. Of the assets totalling CHF 249.9 billion, CHF 88.0 billion is invested in real estate. In addition, Swiss Life Asset Managers, in cooperation with LIVIT Ltd., manages real estate totalling CHF 28.5 billion in value. Total real estate under management and administration at the end of June 2022 thus came to CHF 116.5 billion.

Swiss Life Asset Managers employs more than 2500 people in Europe.

Self-determined Life
Swiss Life enables people to lead a self-determined life and look to the future with confidence. Swiss Life Asset Managers pursues the same goal: We think long-term and act responsibly. We use our knowledge and experience to develop future-oriented investment solutions. This is how we support our customers in achieving their long-term investment objectives, which in turn also take account of their client’s needs so they can plan their financial future in a self-determined manner.

¹ INREV Fund Manager Survey 2022 (AuM as of 31.12.2021)


Disclaimer
This announcement has been produced with the greatest of care and to the best of our knowledge and belief. However, we do not accept any liability for losses which might arise from making use of this information. This publication is not intended as a solicitation or recommendation to buy or sell investment instruments but only serves to provide information. Prior to subscribing or acquiring fund units on the stock exchange, investors should obtain and carefully read the detailed information on the fund contained in the regulatory documentation (prospectus with integrated fund contract, simplified prospectus and the latest annual and semi-annual reports) that serve as the sole legal basis for the purchase of fund units. They may be ordered free of charge in electronic or printed form from the fund management company, Swiss Life Asset Management Ltd., General-Guisan-Quai 40, 8002 Zurich. Past performance is not an indicator of current or future performance. The performance data do not include commissions and costs incurred when issuing and redeeming fund units. Both Swiss Life Ltd. and the other members of the Swiss Life Group are entitled to positions in this fund and to their purchase and/or sale. Swiss Life Asset Managers funds may not be offered for sale or sold in the US or on behalf of US citizens or US person residing in the US. “Swiss Life Asset Managers” is the brand name for the asset management activities of the Swiss Life Group. More information is available at www.swisslife-am.com. Source: Swiss Life Asset Managers (unless stated otherwise). All rights reserved. Contact: info@swisslife-am.com.