Swiss Life Asset Managers has invested an undisclosed sum on behalf of two of its finds to buy a 188,000sqm portfolio of 10 pan-European logistics assets from Barings. The manager has bought the fully-let portfolio of ten assets located across Germany, France, Italy and Spain on behalf of its ESG European Thematic Income & Growth and ESG European Industrial & Logistics funds. Six of the 10 assets in the portfolio are dedicated cold storage units. Barings said the disposal follows the successful execution of its business plan for the portfolio as part of its core investment strategy. Having built and benefitted from a significant overweight to the sector for this mandate in recent years we are now refining our logistics strategy and making selected sales that reflect our view of the sector’s rapid evolution as we emerge from the global pandemic.
Swiss Life has more than 160 years of experience in affording people financial security. With individual pension and financial advice for private and corporate customers as well as proven investment expertise for institutional investors, enabling people to lead a self-determined life. Swiss Life provides individual pension and financial advice to help companies and private persons identify financial risks at an early stage and take corresponding measures. Thanks to long-term, sustainable investing, Swiss Life can enter obligations and to make and keep guarantee promises over several decades. As the Swiss Life Group we operate in Switzerland, Germany and France, and have competency centres in Luxembourg, Liechtenstein and Singapore. Swiss Life Select, Tecis, Horbach, Proventus, Fincentrum, and Chase de Vere advisors choose suitable products for customers from the market according to the Best Select approach. Swiss Life Asset Managers offers institutional and private investors access to investment and asset management solutions. Moreover, Swiss Life provides multinational corporations with employee benefits solutions and high net worth individuals with structured life and pensions products. The Swiss Life Group also includes various subsidiaries. The Group employs a workforce of around 10 000 and has at its disposal a distribution network of some 16 900 advisors.