CS REF Logisticsplus raises 107 million
The Credit Suisse Real Estate Fund Logisticsplus real estate fund recorded inflows of CHF 107.1 million from its capital increase.
The fund will receive the maximum amount of new money from the issue. CS REF Logisticsplus intends to use the proceeds to expand and diversify its real estate portfolio.
With a subscription ratio of 4:1, 1.05 million new units will be issued at a net price of CHF 102.00 per unit. This means that there are now 5.25 million units in circulation with net fund assets of CHF 527.2 million. The capital increase was subscribed at 100%, Credit Suisse announced.
The issue was carried out on a commission basis ("best-effort basis") as part of a rights offering in Switzerland. The over-the-counter subscription rights trading took place from February 24 to March 4, 2020 via Credit Suisse. The new shares will be paid out on March 13, 2020.
CS REF Logisticsplus invests in logistics and logistics-related real estate in Switzerland. It is aimed at qualified investors and is traded over the counter by Credit Suisse. (ah)
