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CS Real Estate Fund Global
The first listed Swiss real estate fund
Concept
Credit Suisse Real Estate Fund Global (CS REF Global) is the first listed Swiss real estate fund that gives investors access to a diversified portfolio of international property investments. The fund provides private and institutional investors with access to this type of investment. For private investors, there hasn't been an alternative of this kind before.
CS REF Global will be listed on the SIX Swiss Exchange after the fund launch. Fund currency is the Swiss Franc - currency fluctuations in net assets are for the most part hedged against the Swiss franc. Through investments in international real estate CS REF Global offers better diversification for a mixed investment portfolio.
The goal of the real estate fund is to achieve a geographically-diverse, international real estate portfolio which generates a steady, appropriate earnings stream in addition to capital appreciation for its investors.
The portfolio assets are to be primarily invested in high-quality properties with stable returns; the fund follows a so-called "core" real estate strategy, whereby:
- the countries in which the fund invests are selected on the basis of a high level of market transparency, market liquidity and legal compliance.
- among the individual countries, the investments are carried out primarily in leading economic centers.
- the focal point of investment within the cities are properties located in the central business district (CBD), or similar prime locations.
- "core" real estate is generally distinguished by its high-quality structural and architectural attributes.
- very stable returns are ultimately achieved through medium- and long-term leases with tenants exhibiting high credit ratings.
The fund concentrates on commercial real estate assets since multi-family housing in foreign countries does not enjoy the same status in terms of investment property as in Switzerland. Primary focus of the planned portfolio are properties in the office and retail sectors. Secondary utilization is expected to consist of parking facilities, residential units, restaurants and warehouse/logistics space (within the scope of a total development complex).
The fund strives to invest roughly one-third of its portfolio in European countries, the Asia-Pacific region as well as the Americas, respectively. The fund focuses on investment countries that are OECD-member nations (supplemented by Singapore and Hong Kong as well).
Further Information
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Medie Release |
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Media Release October 20, 2011 |
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Fund Profile |
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Presentation |
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