CS REF Logisticsplus seeks fresh capital
A capital increase for the real estate fund Credit Suisse Real Estate Fund Logisticsplus is to be carried out in the first quarter.
The issue is expected to have a volume of CHF 90 to 120 million, according to the fund management company and Credit Suisse Asset Management's Global Real Estate. The proceeds will be used for the further expansion of the real estate portfolio.
The capital increase will be carried out in compliance with the subscription rights of existing shareholders; detailed information on the transaction - such as volume, issue price and subscription ratio - will be announced shortly before the capital increase, the statement added.
CS REF Logisticsplus says it is the first Swiss real estate fund to invest in logistics and logistics-related real estate in Switzerland. The fund is aimed at qualified investors and is traded over-the-counter by Credit Suisse. (ah)
