CS REF Green Property: Capital increase in sight

A capital increase for CS REF Green Property is being examined for the fourth quarter of 2019 in order to further expand the portfolio, according to Credit Suisse Asset Management. The approximate volume is expected to be between CHF 170 million and CHF 210 million, with details to be announced shortly before the issue.

CS REF Green Property was launched in 2009 and is the largest Swiss real estate fund for sustainable real estate investments, according to Credit Suisse. It invests in new construction projects in strong Swiss economic regions that meet the fund's sustainability criteria in terms of use, infrastructure, energy, materials and life cycle. Since the beginning of the year, the fund has been purchasing the electricity for the general areas of the properties, such as staircases and elevators, in a CO2-neutral manner. (ah)