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Swiss Life to buy London property company Mayfair

ZURICH Oct 10 The asset management arm of insurer Swiss Life is buying Mayfair Capital, a London-based property investment and management company with a portfolio valued at around 1 billion pounds ($1.24 billion), Mayfair said on Monday.

The addition of Mayfair's assets to Swiss Life's real estate investments creates a European property portfolio worth some 55.3 billion pounds, Mayfair said.

Terms of the transaction, expected to close later this year after clearing regulatory approvals, were not disclosed.

($1 = 0.8042 pounds) (Reporting by John Miller)

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