Credit Suisse launches climate neutral property fund

Credit Suisse has announced the launch of its European Climate Value Property Fund, investing in European real estate in order to enhance its energy efficiency.

The fund teams up with technology firm Siemens in order to monitor the energy efficiency of its assets, in a bid to systematically reduce CO2 emmissions.

By reducing the operating costs of the buildings, the fund aims to improve the potential to rent out its properties.

The remainder of CO2 emissions within the portfolio will be offset through the acquisition of CO2 certificates, in a bid to make the fund effectively climate neutral.

Aimed predominantly at institutional investors, the fund has a minimum investment of€500.000. It is registered in Luxembourg as a Sicav and will be managed by Frankfurt based fund manager Stephan Brünner.

ABOUT THE AUTHOR
Mona Dohle
Mona Dohle speaks German and Dutch, she is DACH & Benelux Correspondent for InvestmentEurope. Prior to that, she worked as a journalist in Egypt and Palestine. She started her career as a journalist working for a local German newspaper. Mona graduated with an MSc in Development Studies from SOAS and has completed the CISI Certificate in International Wealth and Investment Management.

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