Credit Suisse 1a Immo PK will not go public after all

Credit Suisse Funds AG will not float the Credit Suisse 1a Immo PK real estate fund on the stock exchange in the fourth quarter of this year as planned. The company has now announced this.

According to Credit Suisse Funds, this is due to a further year-on-year decline in trading volumes on the market for listed Swiss real estate funds. This is likely to lead to significantly higher volatility in the case of a stock exchange listing.

This will also give the newly formed real estate unit within UBS Asset Management the opportunity to coordinate its range of real estate investment solutions and realign its integrated product offering, the statement continues. (ah)