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Pensionskasse Basel-Stadt and Baloise form partnership
Media releases Pensionskasse Basel-Stadt and Baloise form partnership
Basel, December 16, 2020. As part of its Simply Safe strategy, Baloise aims to achieve a significant increase in the volume of external customer assets managed by Baloise Asset Management. The new partnership with Pensionskasse Basel-Stadt will help to realise this ambition. Acting as a transaction manager, Baloise advised the pension fund regarding the purchase of seven properties in prime locations in Geneva. Going forward, Baloise’s remit will no longer be limited to asset management but will also include property management responsibility on behalf of Pensionskasse Basel-Stadt for these seven properties.

In times of low interest rates, investment conditions are challenging for pension fund assets. By buying these attractive properties, Pensionskasse Basel-Stadt has found a profitable and sustainable investment opportunity for its policyholders’ assets. Baloise – itself one of the largest institutional real estate portfolio holders in western Switzerland – advised the pension fund during the contract negotiations. Under the new partnership between the two companies, Baloise will continue to provide support as an asset and property manager for these properties. 

All seven properties are located in Geneva and are currently fully let. The majority of the portfolio consists of residential real estate located on the Rive Gauche, one of Geneva’s prime locations. The total value of the transaction amounts to more than half a billion Swiss francs. 

“We are delighted that we were able to seal the deal for the purchase of this extraordinary portfolio of properties in the heart of Geneva for the benefit of our policyholders, not least because this large transaction comprises rare residential property investments in highly sought-after and popular parts of the city. These fully let buildings are part of our sustainable long-term development strategy and constitute our first direct investment in Geneva. The transaction will raise our volume of investments in domestic real estate assets to more than CHF 3 billion and will therefore strengthen the proportion of stable investments that deliver regular returns,” says Max-Eric Laubscher, Head of Asset Management at Pensionskasse Basel-Stadt.

Munzur Halis, Head of Real Estate Transactions at Baloise Asset Management, adds: “This partnership emphasises our ability to structure and complete high-quality acquisitions in a competitive environment on behalf of our customers. As a result of the cooperation, we are gaining a key customer for our product portfolio, which is focused on third-party mandates. We look forward to working with Pensionskasse Basel-Stadt for many years to come.”
 

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About Baloise The focus is firmly on the future at Baloise as part of its «Simply Safe» strategy. We aim to make tomorrow more straightforward, safer and more carefree for our customers, and we are taking responsibility for this today. Baloise is more than just a traditional insurance company. Through our smart finance and insurance solutions, complemented by a whole host of innovative offerings for the home and mobility, we offer a complete service package. Dependable support, reliable cooperation and trust-based relationships are key aspects of our stakeholder interaction. We take care of financial matters so that our customers can concentrate on the important things in their lives and can find inspiration in the everyday. Baloise, a European company founded in 1863, currently employs 8,000 people at its headquarters in Basel (Switzerland) and across its subsidiaries in Belgium, Germany and Luxembourg. Our services generated a business volume of around CHF 9,600 million in 2021 and a profit of CHF 588.4 million. Bâloise Holding Ltd shares (BALN) are listed on the SIX Swiss Exchange.
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