Swiss Life Asset Managers has raised more than 鈧�200m and acquired three properties in Germany for its European Industrial & Logistics Fund.
The fund, launched in September, aims to create a diversified porfolio of industrial and logistics assets, with a particular focus on Germany and France.
It has bought a business park in Karlsfeld, near Munich, a logistics property in Bremen and a business park in B枚blingen, near Stuttgart.
Swiss Life said there were benefits to combining 鈥渢he highly diversified rental income and flexible use of industrial real estate鈥� with the 鈥渆arnings strength and strong demand for logistics assets鈥�.
Marius W眉rgler, head of sales and marketing at Swiss Life Asset Managers, said: 鈥淭he success of the first subscription period emphatically confirms the confidence among our investors and underpins the demand for innovative concepts in an emerging asset class 鈥� especially in the challenging environment surrounding COVID-19.鈥�
