CS REF Logisticsplus goes public
The real estate fund Credit Suisse Real Estate Fund Logisticsplus will be listed on the SIX Swiss Exchange as of June 25, 2020.
The Financial Market Authority Finma has approved the fund contract amendment of CS REF Logisticsplus, allowing the fund to open to a broader audience. The contract amendment and the listing of all fund units on the SIX Swiss Exchange will take place on June 25, 2020, Credit Suisse Asset Management announced. The fund had announced the planned IPO in February of this year.
In future, retail investors as well as qualified investors will be able to invest in the fund, whose portfolio consists of Swiss logistics and logistics-related properties. Investments include logistics and goods distribution centers, industrial buildings for production and processing, data centers, service stations and parking garages. The fund holds the properties in direct real estate ownership. The total fund assets of CS REF Logisticsplus are reported at CHF 542.4 million as of March 31, 2020. (ah)
