News Credit Suisse Real Estate Fund Global
Smart diversification with foreign real estate.
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.
||June 19, 2015
||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|
|Media Release - Announcement||EN|
|Media Release - Details||EN|
|Media Release - Results||EN|
||DE / FR|
|Supplement to issue prospectus
||DE / FR|
|Annual Financial Report (31st of December 2014)
|Issuing and listing notice
||DE / FR|
|Supplement to issuing and listing notice||DE / FR|