CLL makes first transactions and financings
In 2020, three managers from Credit Suisse Asset Management founded CLL AG. The first business year of the real estate investment company was successful, according to the founders.
In the first full year of operations, three transactions were completed, two of which have already been closed, the management of CLL AG announced. A third closing will take place in the first quarter of 2022, and contracts for two further transactions are about to be signed. The expected volume of the managed real estate and properties (assets under management) amounts to approximately EUR 100 million. No information is available on the net initial yields at which the acquisitions were made. In addition, CLL has already successfully concluded two financing transactions for clients in the past year, the company says.
According to the company, CLL focuses on core-plus and value-add investments "with sustainable potential, especially in the office and residential sectors and preferably in large cities or urban areas in the D-A-CH region (Germany-Austria-Switzerland)".
The business name is composed of the initials of the founders and main shareholders of CLL AG: Clement Jacquesson, Lars Gurtner and Lucas Moser. All three previously worked at Credit Suisse Asset Management AG in Zurich, where, according to the company's own information, they handled transactions with a total volume of more than EUR 1 billion. According to Lars Gurtner, who is responsible for transactions, CLL's product portfolio is primarily aimed at family offices, foundations and institutional investors who do not have their own transaction team. (bw)
