Brought to you by
logo
In our network
logo logo logo

Swiss Life AM takes stake in two German life science parks

Pharmapark Jena.

Swiss Life Asset Managers and German utilities company Gelsenwasser have agreed to acquire Infrareal, the company which owns and operates the Behringwerke life science park in Marburg and Jena life science park in the city of the same name.

Swiss Life Asset Managers, which is acting on behalf of a Swiss Life infrastructure fund, said that together with Gelsenwasser it will support Infrareal’s investment program over the next 10 years,

As well as providing space in which to operate, Infrareal provides occupiers with utilities, technical services, logistics and IT solutions.

The company said in a statement that it is well positioned to take advantage of the global growth in pharmaceuticals, projected at 7.4% between 2020 and 2026. It will now also capitalise on Swiss Life Asset Managers’ experience in managing major infrastructure investments and Gelsenwasser’s expertise in providing utility solutions to industrial clients, as well as operating chemical parks.

“Infrareal is our first investment in life sciences infrastructure, a strategic asset class given its macro tailwinds and importance to society,” said Swiss Life Asset Managers’ head of infrastructure equity Christoph Manser. “We see Infrareal as a high-quality operator in one of the most stable economies globally.”

Author: