Swiss Life plans to increase the capital of the real estate fund

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ZURICH, September 1 (Reuters) – Swiss Life Real Estate Fund REF (CH) Swiss Properties plans to raise capital in December to acquire a portfolio of properties worth approximately CHF 350 million ($ 381.10 million), Swiss Life reported Wednesday.

“The acquisition of a new high-quality portfolio, valued at approximately CHF 350 million, is being studied with a view to continuing its quality growth strategy,” said Swiss Life Asset Management, adding that the new portfolio includes 18 properties. “The portfolio is currently owned by Swiss Life Ltd.” (1 dollar = 0.9184 Swiss francs) (Reporting by Brenna Hughes Negivey, editing by Riham Alkusaa)

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