Investment group CSA RES Commercial open for new funds
The CSA Real Estate Switzerland Commercial investment group has been open for new capital since April 3, 2018. Up to CHF 250 million is to be raised.
With subscription period until June 29 this year, the investment group CSA Real Estate Switzerland Commercial (CSA RES Commercial) is open for new money of maximum CHF 250 million. The fresh money will be used in particular to expand the real estate portfolio.
According to the investment group, it has ongoing projects and purchase intentions in the pipeline amounting to 413 million and a weighted average net yield of 3.95 percent. A property in Bern with residential, retail and office use is to be acquired for 120 million. Investments are also planned in the "Campus Santé" project in Le Grand-Saconnex, "Serliana" in Wallisellen and the Aeschenvorstadt 72 property in Basel.
CSA RES Commercial is an investment group of Credit Suisse Investment Foundation and is aimed at tax-exempt pension funds domiciled in Switzerland. It invests directly in commercial real estate in Switzerland. This primarily includes properties with office and retail space, but also other types of use such as logistics, commercial and residential. Preference is given to newer properties with long-term leases or properties that can be leased on a long-term basis, preferably in economically strong locations. The portfolio currently comprises 27 properties and two new construction projects.
