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Swiss Life acquires BEOS, Germany's leading corporate real estate investment manager

25.06.2018

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 EUR 700 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.

Cautionary statement regarding forward-looking information

This publication contains specific forward-looking statements, e.g. statements including terms like “believe”, “assume”, “expect” or similar expressions. Such forward-looking statements, by their nature, are subject to known and unknown risks, uncertainties and other important factors. These may result in a substantial divergence between the actual results, developments and expectations of Swiss Life and those explicitly or implicitly described in these forward-looking statements. Given these uncertainties, the reader is reminded that these statements are merely projections and should not be overvalued. Neither SwissLife nor its Members of the Board of Directors, executive managers, managers, employees or external advisors nor any other person associated with Swiss Life or with any other relationship to the company makes any express or implied representation or warranty as to the correctness or completeness of the information contained in this publication. SwissLife and the abovementioned persons shall not be liable under any circumstances for any direct or indirect loss resulting from the use of this information. Furthermore, Swiss Life undertakes no obligation to publicly update or change any of these forward-looking statements, or to adjust them to reflect new information, future events, developments or similar.

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