CS logistics fund seeks fresh capital
The real estate fund Credit Suisse REF LogisticsPlus is carrying out a capital increase in August. The issue is expected to inject up to CHF 127.2 million into the fund's coffers.
The issue price per share will reportedly be CHF 106.00, and the transaction may reach a total volume of 127.2 million. With the proceeds from the capital increase, the fund intends to expand and diversify its real estate portfolio.
The subscription period runs from August 20 to 31, 2018; five subscription rights entitle the holder to subscribe for two new shares. The issue will be carried out on a commission basis ("best-effort basis") as part of a rights offering in Switzerland. An off-exchange trading of the subscription rights will take place from August 20 to August 29 via Credit Suisse. Payment is expected to take place on September 7.
Credit Suisse REF LogisticsPlus says it is the first Swiss real estate fund to invest in logistics and logistics-related real estate in Switzerland. It is aimed at qualified investors and is traded over the counter by Credit Suisse. The investment objective is, in particular, to create and maintain assets over the long term and to distribute attractive returns. (ah)
