CS REF Green Property raises 170 million
The real estate fund Credit Suisse Real Estate Fund Green Property (CS REF Green Property) raised CHF 173 million in new money as part of its capital increase.
The issue was carried out on a commission basis ("best-effort basis") as part of a public rights offering in Switzerland. The official rights trading took place on SIX Swiss Exchange AG from October 31 to November 9, 2016. At a subscription ratio of 10:1, approximately 1.54 million new shares will be issued at an issue price of CHF 112 net per share. This corresponds to a subscription rate of 100 percent, Credit Suisse reports.
The issue proceeds of CHF 173 million will be used for the further growth of the real estate portfolio, the fund management company announces. CS REF Green Property was launched in 2009 and is, according to its own information, the largest Swiss real estate fund for sustainable real estate investments. The net fund assets amount to CHF 1.86 billion. (ah)
