CS REF Logisticsplus wants to raise over 100 million
The real estate fund Credit Suisse Real Estate Fund Logisticsplus is planning a capital increase to further expand its portfolio.
Credit Suisse Asset Management announced that a capital increase for the logistics real estate fund Credit Suisse Real Estate Fund Logisticsplus (CS REF Logisticsplus) will be carried out from August 29 to September 9, 2022. Up to one million new units will be issued at a net price of CHF 108, bringing the volume of the issue to a maximum of CHF 108 million.
The issue price is based on a new net asset value of CHF 105.60 per unit, after the property portfolio was re-estimated in view of the issue at the time of payment, Credit Suisse Asset Management further reports.
The issue will be carried out on a commission basis ("best-effort basis") as part of a public rights offering in Switzerland. One subscription right will be allocated to each existing share, and seven subscription rights will entitle the holder to subscribe for one new share. An official subscription rights trading will take place on the SIX Swiss Exchange from August 29 to September 7. On September 14, the effective number of new shares to be issued is to be announced, and payment will then take place on September 16.
The proceeds from the issue will be used to further expand and diversify the real estate portfolio, Credit Suisse Asset Management said. CS REF Logisticsplus invests in logistics and logistics-related real estate in Switzerland. (ah)
