Credit Suisse says institutional investors and banks have shown great interest in a new Swiss real estate fund.
“There was exceptionally heavy demand from investors for units in the new Credit Suisse Real Estate Fund Property Plus from Credit Suisse Asset Management Funds,” CS said. The fund was open for subscription from November 8-19.
The bank said subscriptions “far exceeded” the target volume of around 300 million francs.
The new fund is the first Swiss real estate fund to invest primarily in construction projects in good locations, CS added.
It “offers institutional investors and bank clients with discretionary portfolio management agreements access to a diversified portfolio of high-quality construction projects in economically strong regions of Switzerland with above-average development potential”.