CS REF Siat seeks fresh capital
The real estate fund Credit Suisse Real Estate Fund Siat (CS REF Siat) plans to increase its capital by CHF 130 to 170 million.
According to the fund management company and Credit Suisse Asset Management's Global Real Estate, the issue could take place in the third quarter of 2020. More detailed information on the transaction - such as the volume, issue price and subscription ratio - is to be announced shortly before the capital increase.
The proceeds from the issue will be used to expand the real estate portfolio. CS REF Siat invests primarily in multi-family houses in large and medium-sized Swiss cities and their agglomerations, and also holds commercial properties in its portfolio. The real estate fund is listed on the SIX Swiss Exchange. (ah)
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