Capital increase for CS REF International
Credit Suisse Real Estate Investment Management is planning a capital increase for the real estate fund Real Estate Fund International (CS REF International) in the fourth quarter of 2015. The issue proceeds will be used for the further expansion of the real estate portfolio, according to a statement.
The capital increase is to be carried out while safeguarding the subscription rights of existing shareholders. Detailed information on the transaction, such as volume, issue price and subscription ratio, will be announced by Credit Suisse shortly before the capital increase, the statement added.
CS REF International claims to be the first Swiss real estate fund to invest directly in real estate worldwide. The investment focus is on commercially used, high-quality properties in attractive locations in Europe, Asia-Pacific and North, Central and South America. The majority of foreign currency risks are hedged against the Swiss franc. (ah)
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