Credit Suisse (Lux) European Climate Value Property Fund First Climate-Neutral Real Estate Funds
Credit Suisse (Lux) European Climate Value Property Fund
For professional/qualified investors only.
The Credit Suisse (Lux) European Climate Value Property Fund pursues a conservative real estate strategy (Core/Core Plus) by acquiring existing commercial properties that have leased well in promising European markets. A key aspect of the investment concept is based on a system for controlling, measuring, and monitoring energy consumption in cooperation with the Siemens technology group. The innovative fund concept offers qualified investors the first-time opportunity to invest in a climate-neutral real estate portfolio.
Issue at a glance
|Product structure||Luxemburg SICAV – SIF (semi-open-ended)|
|Investment advisor||Credit Suisse Asset Management Immobilien Kapitalanlagegesellschaft mbH|
|Target size||EUR 1 bn after five years, from launch|
|Minimum commitment||EUR 500,000|
|Second closing||December 9, 2016|
|Capital calls||Over 18 months, starting with the relevant closing|
|Distribution yield||Target of 4% p.a.**|
|Total return||Target of 5% to 6% p.a.**|
|Leverage||Target of 30% on portfolio level (max. 50%)|
|Redemption options||January 1 or July 1|
|Redemption price||Net asset value per share, as per the most recent valuation date, including any redemption fee adjustment|
|Redemption fee||5%; 2.5% for notice period > 12 months; 0% for notice period > 24 months|
|Subscription fee||Up to 1.5%|
|Management fee||0.6% p.a. of the fund’s gross investment value (first financial year: 0.3% p.a.)|
|Purchase and sales fee||Up to 2% of the gross asset value|
|Specific risk profile||Open-ended, illiquid AIF; see also Section 8 of the Offering Memorandum|
** The target return is based on historical data and is not a projection, prediction, or guarantee of future performance. There is no assurance that the target return will be achieved.