The real estate co-investment vehicle formed by MAPFRE and Swiss Life Asset Managers France has reached the €500m milestone.
A 7,200 square metre prime office property in Paris has been added to the portfolio. The property comprises mainly offices with retail units at ground level, and is leased almost entirely to 16 high-quality tenants.
In addition to this project, MAPFRE and other Swiss Life Group companies created a pan-European co-investment vehicle two years ago to invest in the real estate market, which was seeded with assets valued at 400 million euros and located in Spain, Belgium and Italy.