Swiss Life Asset Managers has acquired Wilfast Förvaltning AB, a Sweden-based real estate company for an undisclosed sum.
The acquisition strengthens Swiss Life Asset Managers geographic footprint in the Nordics and further enhances its position as one of Europe’s “leading institutional real estate managers”, the asset manager said.
All employees will be retained at the Gothenburg location of the company, which was founded in 1992 to provide property services and project development within real estate.
Wilfast manages real estate with an underlying property value of SEK 20 billion and covering a total area of approximately 1.6 million square metres. The company specialises in commercial properties in Sweden, Denmark and Finland.
Swiss Life Asset Managers has worked with Wilfast on numerous successful projects, the firm said.
Christian Ness, CEO of Swiss Life Asset Managers Nordic, said: “With the acquisition of a highly capable firm we will accelerate our growth strategy in the Nordics with a physical market entry in Sweden, adding strong local expertise, market know-how and trusting relationships locally.”
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