CS launches climate-neutral real estate fund

The fund pursues a European core/core-plus real estate strategy. As a special feature, the investment concept also includes a program for measuring and monitoring the energy consumption of the individual properties in cooperation with the technology group Siemens. All properties in the portfolio are to be continuously optimized in terms of energy on the basis of this measurement data in order to systematically reduce overall energy consumption and CO2 emissions, Credit Suisse reports. By reducing operating costs, the rental potential for investors will be increased and the sustainability of the properties will be enhanced. The remaining part of the portfolio that cannot be reduced cost-effectively is to be made completely emissions-neutral once a year by purchasing CO2 certificates.

The Credit Suisse (Lux) European Climate Value Property Fund has the legal form of a Luxembourg SICAV-SIF, and the fund manager is Stephan Brünner from Frankfurt. Credit Suisse is targeting a total return of five to six percent p.a., with a distribution yield of four percent p.a.. The first closing will take place on December 11, 2015. (ah)