Successful opening of the CSA RES Residential investment group
The CSA Real Estate Switzerland Residential investment group was opened for subscriptions on May 14, 2020. As announced by Credit Suisse Investment Foundation for Pension Plans, the targeted subscription volume was significantly exceeded.
Subscriptions of CHF 273 million were received on the first day of the opening of the real estate investment group CSA Real Estate Switzerland Residential. The targeted investment volume of CHF 120 million has thus been significantly exceeded, announces Credit Suisse Investment Foundation for Pension Plans as issuer and manager of the investment group. Subscriptions would be reduced on a straight-line basis.
The CSA RES Residential investment group invests primarily in residential properties located in economically and geographically peripheral regions in Switzerland. According to Credit Suisse AST, the properties are characterized by "sensible utilization concepts and rents in line with the market" as well as "attractive yield and development potential". (bw)
