Swiss Life REF (CH) ESG Swiss Properties: Increased Income and Low Vacancy Rate in H1 2023/2024

Swiss Life Asset Management AG has reported positive half-year results for Swiss Life REF (CH) ESG Swiss Properties, highlighting increased income and a low vacancy rate. The fund, which invests in residential and centrally located commercial properties in Switzerland, marked a net income of CHF 21.31 million up to 31 March 2024.

In addition to income gains, the sale of properties in Lausanne and Zurich contributed a capital gain of CHF 3.39 million. The overall vacancy rate remained at a low 1.3%, while the net asset value stood at CHF 1820 million.

Swiss Life plans a capital increase of approximately CHF 610 million in July 2024, aimed at acquiring a real estate portfolio worth CHF 700 million and investing in property renovations.