The Credit Suisse Asset Management (CSAM) open real estate fund CS EUROREAL, has broken through the EUR 5 billion barrier.
In the first six months of 2004 the fund had inflows of EUR 524.1 million in net new assets. At the end of June 2004, CS EUROREAL owned 86 properties in eight European countries. There are 12 properties currently being looked at for inclusion in the fund. CS EUROREAL´s performance is above average, with a return of 4.0% over one year to June 30, 2004.
Karl-Heinz Heuss, managing director of CSAM Immobilien Kapitalanlagegesellschaft says: 'The hard work of our distributors and the trust of our investors give us the confidence to continue our successful investment strategy. The focus remains on Germany and Western Europe.'
CS EUROREAL was first launched in April 1992 and is one of the most successful open real estate funds in Germany. It is also the only real estate fund in Germany to be awarded a five star rating by Standard and Poor´s.