CSA RES: property swap with Schroder fund
Credit Suisse's investment foundation CSA Real Estate Switzerland (CSA RES) is acquiring six properties with a residential focus from the Schroder ImmoPLUS real estate fund and in return is ceding two commercial properties to the Schroder fund.
Schroder is also buying another commercial property from the real estate fund CS REF Interswiss. According to Credit Suisse, the volume of the entire transaction is around CHF 250 million.
Through the property swap, the CSA RES investment group is increasing the residential quota within the portfolio, while Schroder ImmoPLUS is increasing its share of properties with commercial use. This is in line with the strategy of the two investment vehicles, he said. (ah)
(Visited 54 times, 1 visits today)
