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

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.

Information

Media Relations

Phone +41 43 284 77 77

media.relations@swisslife.ch

Investor Relations

Phone +41 43 284 52 76

investor.relations@swisslife.ch

www.swisslife.com

Follow us on Twitter

@swisslife_group

Further information

All our media releases can be found at swisslife.com/mediareleases


Media release (PDF)



Provider
Channel
Contact
EQS Group Ltd., Switzerland
switzerland.eqs.com


newsbox.ch
www.newsbox.ch


Provider/Channel related enquiries
cs.switzerland@eqs.com
+41 41 763 00 50