Swiss Life Asset Managers established a European real estate fund with €200 million of starting capital.

The open-ended fund, known as Swiss Life REF (DE) European Real Estate Living and Working, is tailored for private investors in Germany with targeted returns of more than 2.5%. It is backed by German fund manager and Swiss Life Asset Managers unit Corpus Sireo.

The fund is adopting the ABBA strategy, wherein it plans to invest in housing, healthcare, office and retail assets in A locations in B cities and B locations in A cities across Europe.