News CS REF LogisticsPlus Real Estate Fund Acquires Logistics and Commercial Property in Rupperswil
The new acquisition in Rupperswil complements the portfolio of the first Swiss real estate fund that specifically invests in logistics and logistics-related real estate in Switzerland.
The latest investment property in the Credit Suisse Real Estate Fund LogisticsPlus portfolio (CS REF LogisticsPlus, sec. no. 24 563 395) meets high-end requirements. The logistics and commercial property has been leased as a long-term arrangement to the retailer Coop. The Aargau agglomeration around Lenzburg is an important hub for several companies. The property is located in Rupperswil's compact industrial area, giving it access to excellent infrastructure.
The logistics area is one of the fastest growing sectors of the Swiss economy. CS REF LogisticsPlus sees the above-average development in the flow of goods as a huge advantage. "Since its successful launch in September 2014, the real estate fund has enjoyed a high level of demand with investors," states Radhia Rüttimann, fund manager for CS REF LogisticsPlus. The portfolio currently comprises eight properties with a volume of approx. CHF 230 million. Total annual rental income, of which approximately 80% is generated by logistics space, amounts to CHF 14.5 million.