News Emission Credit Suisse Real Estate Fund LivingPlus
Invest in future-oriented housing concepts.
Credit Suisse Real Estate Fund LivingPlus (CS REF LivingPlus), which was launched in 2007, is a future-oriented real estate fund whose investment strategy focuses on the demographic development and the progressive ageing of the Swiss population. The fund invests primarily in senior housing, modern forms of living with integrated services, and healthcare facilities at attractive locations in Switzerland. It provides institutional and private investors with access to a diversified, high-quality real estate portfolio. The focus is on residential real estate that is fully accessible to those with impaired mobility and provides corresponding services for tenants.
The fund has total assets of CHF 2.54 mn as at December 31, 2015, and offers interesting tax benefits for investors domiciled in Switzerland.
Issue at a Glance
|Issue volume||Maximum of CHF 170,04 million
|Subscription period||May 30 to June 10, 2016, 12:00 noon (CET)
|Issue price per unit||CHF 106.00 net|
|Subscription ratio||Twelve (12) subscription rights entitle the holder to acquire one (1) new unit.
|Subscription rights trading||From May 30 to June 8, 2016 on the SIX Swiss Exchange AG|
|Payment of securities subscribed
||June 17, 2016
|Investor base||Private and institutional investor|
|Security no. / ISIN (unit)||3 106 932 / CH003 106 932 8
|Security no. / ISIN (subscription right)||32 259 580 / CH032 259 580 9
|Type of issue||The issue will take place on a best-effort basis as part of a public subscription offer in Switzerland.
|Utilization||The proceeds from the issue will primarily be used to further expand the high-quality real estate portfolio as well as to reduce the debt component.|
|Fund management||Credit Suisse AG, Zurich
|Fund manager||Credit Suisse Funds AG, Zurich
|Custodian bank||Credit Suisse AG, Zurich|
|Subscription||At all Credit Suisse AG branches in Switzerland
|Media Release - Announcement||DE / FR|
|Media Release - Details||EN|
|Media Release - Results||EN|
|Issuing and listing prospectus
||DE / FR|
|Supplement to issuing and listing prospectus
||DE / FR|
|Application partial reimbursement of the issue commission
||DE / FR|
|Semi-annual financial report as of June 30, 2016||DE / FR|
|Annual financial report as of December 31, 2015||DE / FR|