An issue of CHF 140 mn to CHF 170 mn is being reviewed for the Credit Suisse Real Estate Fund Green Property (security no. 10 077 844) for the fourth quarter of 2022. The proceeds of the issue will be used to further expand and diversify the real estate portfolio with a focus on sustainable properties.
The fund management company and the Global Real Estate unit of Credit Suisse Asset Management are reviewing an issue for the Credit Suisse Real Estate Fund Green Property (CS REF Green Property) with a volume of CHF 140 mn to CHF 170 mn. The issue is scheduled to take place in the fourth quarter of 2022. Detailed information about the transaction, including volume, issue price, and subscription ratio, will be announced shortly before the capital increase. The capital increase will preserve the pre-emptive rights of existing unitholders. The proceeds of the issue will be used to further expand and diversify the existing real estate portfolio.
The CS REF Green Property focuses on sustainable construction. It invests in high-quality new construction projects located in strong Swiss economic regions. The aim is to ensure that properties and new construction projects meet the rigorous requirements of the greenproperty seal of quality for sustainable real estate, which evaluates qualitative and quantitative criteria with regard to utilization, infrastructure, energy, materials, and life cycle.