Capital increase for CS REF Green Property
In the fourth quarter of 2017, an issue is to be carried out for the real estate fund Credit Suisse Real Estate Fund Green Property (CS REF Green Property).
According to Credit Suisse Asset Management's Global Real Estate, the issue proceeds will be used for the further expansion of the real estate portfolio. Detailed information on the transaction, such as volume, issue price and subscription ratio, will be announced shortly before the capital increase. The issue will be carried out in compliance with the subscription rights of existing shareholders, the statement added.
CS REF Green Property was launched in 2009 and is, according to its own statements, the largest Swiss real estate fund for sustainable real estate investments. It invests in new construction projects in strong Swiss economic regions that meet the requirements of "greenproperty". This seal of approval for sustainable real estate evaluates qualitative and quantitative criteria with regard to use, infrastructure, energy, materials and life cycle and covers ecological, economic and social aspects.
