CS buys real estate worth 340 million
Credit Suisse Real Estate Investment Management is making massive purchases abroad. According to the company, properties with a total value of around CHF 340 million have been acquired for various real estate investment products in six countries in the second quarter of 2016 alone.
The commercial and mixed-use properties are well let and in attractive locations, according to Credit Suisse Real Estate Investment Management. Properties were purchased for the Credit Suisse Real Estate Fund Global (CS REF Global) in the USA (Denver and Seattle) and in the UK (Leeds).
Credit Suisse Real Estate Fund International (CS REF International) acquired a property in Osaka, Japan. Credit Suisse [Lux] European Property expanded its portfolio with properties in Rotterdam (Netherlands) and Athlone (Ireland); an investment was also made in a property in Düsseldorf via a club structure for private clients.
The Swiss real estate funds CS REF Global and CS REF International invest exclusively in international real estate. While CS REF International is reserved for qualified investors, CS REF Global is also aimed at private investors. (ah)
