Capital increase for CS REF Green Property
Credit Suisse AG's Real Estate Investment Management intends to conduct an issue for the Credit Suisse Real Estate Fund Green Property (CS REF Green Property) in the fourth quarter.
The fund was only recently merged with the Credit Suisse Real Estate Fund PropertyPlus. With the capital increase, the fund management now intends to raise fresh money for the further expansion of the real estate portfolio.
CS intends to announce detailed information on the transaction, such as volume, issue price and subscription ratio, shortly before the capital increase in the fourth quarter. The capital increase will be carried out in compliance with the subscription rights of existing shareholders.
CS REF Green Property was launched in 2009 and claims to be the largest Swiss real estate fund for sustainable real estate investments. It invests in new construction projects located in strong Swiss economic regions. When selecting fund properties, the focus is on their sustainability; the properties should meet the requirements of greenproperty, the seal of approval for sustainable real estate. (ah)
