News Credit Suisse Real Estate Fund Global

Credit Suisse Real Estate Fund Global

Smart diversification with foreign real estate.

Investment Policy

Credit Suisse Real Estate Fund Global (CS REF Global, security no. 13 985 167), which was launched in 2011 and had total fund assets of CHF 354.9 million as of December 31, 2014, is the first Swiss real estate fund that invests exclusively in international property and is listed on the SIX Swiss Exchange. The fund is currently invested in ten properties in the following seven countries: US, Germany, United Kingdom, Netherlands, Japan, Chile, and Australia. The focus is on countries that offer political stability, legal certainty, and a liquid, transparent, real estate market. The fund follows a core/core plus strategy. This means that high-quality properties are purchased in prime locations in economic and political centers in Europe (excluding Switzerland), Asia-Pacific and the Americas. The properties in the portfolio include the Princes Exchange office complex in Leeds (UK), as well as the Post Oak Boulevard 777 business premises in Houston (US). Foreign currency risks are largely hedged against the Swiss franc.

Issue at a Glance

Issue volume Maximum CHF 119.0 million
Subscription period June 1 to June 12, 2015, 12:00 (CET)
Issue price per unit CHF 103.00 net
Subscription ratio Two (2) old units entitle the investor to subscribe to one (1) new unit.
Subscription rights trading
Official subscription rights trading will be possible from June 1 to June 11, 2015 on the SIX Swiss Exchange AG.
Issue date
June 19, 2015
Investor group
Private and institutional investors
Security no. / ISIN (unit)
13 985 167 / CH013 985 167 6
Security no. / ISIN (subscription right)
28 203 972 / CH028 203 972 3
Type of issue
The issue will take place on a best-effort basis as part of a public subscription offer in Switzerland.
The proceeds of the issue will be used to further expand the high-quality real estate portfolio.
Fund management  Credit Suisse AG, Zurich
Fund management company
Credit Suisse Funds AG, Zurich
Custodian bank  Credit Suisse AG, Zurich
Subscription  At all Credit Suisse AG branches in Switzerland 

Further Information

Media Release - Announcement EN
Media Release - Details EN
Media Release - Results EN
Client presentation EN
Issue prospectus
Supplement to issue prospectus
Annual Financial Report (31st of December 2014)
Issuing and listing notice
Supplement to issuing and listing notice   DE / FR