Credit Suisse plans capital raise for real estate fund

With a volume of between 100 and 150 million francs, the issue should be launched in the third quarter.

Credit Suisse said on Tuesday it was studying the opportunity of a capital increase for its real estate fund Real Estate Fund (REF) LogisticsPlus. With a volume of between 100 and 150 million francs, the issue should be launched in the third quarter, specifies the bank with the two veils in a press release.

Detailed information on the transaction – volume, issue price and subscription parity – will be published “shortly before the capital increase”. The transaction will take into account the subscription rights of existing unitholders.

The proceeds of the issue will be used to “further develop and diversify the real estate portfolio” of CS REF LogisticsPlus, a fund specializing in logistics buildings aimed at private and institutional investors.

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