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The connection between MAPFRE, baron Haussmann and Swiss Life

May 30, 2024

Redacción Mapfre

Redacción Mapfre

Baron Haussmann is considered one of the major influences on Parisian architecture and urban planning. For this reason, one of the city's most famous boulevards is named after him, and the same street is home to one of the jewels in the crown of MAPFRE's real estate portfolio. The emblematic building at number 73, a 7, 200 m2 office facility, was acquired in April of last year.

The property is part of one of the real estate funds developed by the alliance between MAPFRE and Swiss Life to invest in Europe and thus diversify the portfolio from a geographical point of view. In total, both firms have launched two co-investment vehicles since 2018, which already exceed 900 million euros in equity.

Recently, the CEO of Swiss Life Asset Managers (AM) in France visited the Majadahonda offices, where he held a working meeting with part of the Real Estate team and senior executives of the Group. “MAPFRE has been a great ally in our strategy to increase our investments in Europe, mainly in Paris. I am confident that, despite the current economic cycle and its effect on the real estate sector, we will continue to find good opportunities in this market,” said Frédéric Bôl, CEO of Swiss Life AM France.

For his part, Fernando Mata, MAPFRE's CFO, noted that “this alliance allowed us to expand our investments in prime buildings and in the main European capitals, which has made our portfolio of real estate assets more resilient. We are currently analyzing new opportunities”.

In addition to Swiss Life AM, MAPFRE has closed transactions in alternative investments with large groups like Munich Re and Macquarie, also in real estate, with Macquarie in infrastructure, and with Iberdrola in renewable energy. In total, the Group's alternative assets in such funds exceeds 1.3 billion euros.

Good prospects for the markets in the second half of the year

Good prospects for the markets in the second half of the year

The first half of 2024 was quite positive for equity markets, and forecasts for the next six months are equally bright. Which sectors have the most potential? What about fixed income? Alberto Matellán, chief economist at MAPFRE Inversión, goes into the details.

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