Swiss Life is expanding its position in the German real estate market and strengthening access to institutional clients through its purchase of BEOS.
BEOS AG is Germany's leading corporate real estate investment manager and its head office is in Berlin. The company, founded in 1997, currently employs about 150 employees in interdisciplinary teams and has other offices in Hamburg, Frankfurt, Cologne, Munich and Stuttgart. BEOS manages and develops mixed-use commercial real estate from the office, production, service and logistics sectors. As a service provider for institutional investors' portfolio properties, BEOS operates in all major German cities, mainly for SME tenants.
At the end of 2017, BEOS managed real estate to the value of EUR 2.6 billion with a mixed use rental space of over 2.6 million square metres. In 2017, the company generated revenues in the region of EUR 30 million. The parties have agreed not to disclose the sale price. Subject to approval by the competition authority, the transaction will be completed in the third quarter of 2018.
“With the leading corporate real estate investment manager, we can add an optimally positioned company to our business in Germany. BEOS will help us to advance the successful growth strategy of Swiss Life Asset Managers in the field of third-party asset management and provide us with access to new institutional clients", says Stefan Mächler, Chief Investment Officer of the Swiss Life Group. “The transaction underlines our ambition to expand our position as leading European real estate asset manager.”
BEOS AG will stay unchanged and independent as a company. All locations, jobs and functions will remain as they are. Ingo Hans Holz and Stephan Bone-Winkel will remain on the Supervisory Board and Investment Committee for all project developments. They will also still be responsible for co-investment in the company's Value Investment Fund.
Martin Czaja, spokesperson of the BEOS Executive Board: “BEOS has significant growth and earnings growth potential. In conjunction with Swiss Life Asset Managers, our company and its employees will gain new long-term perspectives on how to grow sustainably in the competitive real estate market.”
In 2010, BEOS brought its first special fund for corporate real estate to market, with a volume of EUR 400 million. As a result, it paved the way for German institutional investors to a new asset category. In 2012, BEOS successfully placed a successor fund with an investment volume of EUR700 million and, in 2015, the third special fund for corporate real estate, with an investment volume of EUR 1.1 billion.
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Swiss Life
The Swiss Life Group is one of Europe's leading comprehensive life and pensions and financial solutions providers. In its core markets of Switzerland, France and Germany, Swiss Life offers individuals and corporations comprehensive and individual advice plus a broad range of own and partner products through its sales force and distribution partners such as brokers and banks.
Swiss Life Select, Tecis, Horbach, Proventus 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. Swiss Life provides multinational corporations with employee benefits solutions and high net worth individuals with structured life and pensions products.
Swiss Life Holding Ltd, registered in Zurich, was founded in 1857 as Schweizerische Rentenanstalt. The shares of Swiss Life Holding Ltd are listed on the SIX Swiss Exchange (SLHN). The subsidiaries Livit, Corpus Sireo and Mayfair Capital are also part of the Swiss Life Group. The Group employs a workforce of around 8000 and approximately 5000 certified financial advisors.
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