CSA Real Estate Switzerland Commercial Opening of the CSA Real Estate Switzerland Commercial Investment Group
The opening of CSA RES Commercial investment group was met with a great deal of interest by investors. The target investment volume was already reached on April 5, 2018.
During the opening, zero-rated pension funds domiciled in Switzerland have the opportunity to subscribe to rights in CSA Real Estate Switzerland Commercial (CSA RES Commercial, Swiss Security Number 11354362), an investment group of the Credit Suisse Investment Foundation (CSA). The CSA RES Commercial investment group is focused on investments in Swiss commercial properties. The new capital will be invested in the ongoing expansion of the real estate portfolio.
The CSA RES Commercial invests directly in a balanced portfolio of commercial real estate in Switzerland. This primarily includes properties with office and retail space. To expand the real estate portfolio, investment is permitted in properties with other types of use, such as logistics, commerce, and residential. Properties with hotel and industrial uses may be acquired only if these are housed in structures with mixed uses. Preference is given to newer properties with a long-term lease or which are eligible for a long-term lease, preferably in economically robust locations.
Rationale for Investments
- NAV-based real estate investment product offering attractive entry opportunities (without premium).
- Broadly diversified portfolio of 27 new and modern properties as well as two new-build developments
Opening Terms at a Glance
||Tax-exempt pension funds domiciled in Switzerland
|Subscription period||April 3 until latest June 29, 2018|
|Target volume||approx. CHF 250 million|
|Value date||Trade date plus two bank working days|
|Swiss Security No.||11354362|