Credit Suisse Asset Management has launched public distribution of the open-ended real estate fund Credit Suisse ImmoTrend Europa.The launch was preceded by the establishment of a start portfolio of two buildings located in Erfurt and Aachen.
The fund focuses on today's real estate trends and implements a modern investment strategy. It is aimed at both private investors and institutional investors.
Credit Suisse ImmoTrend Europe invests broadly diversified into high-quality, modern commercial properties in Europe that generate stable rental income. It specifically focuses on properties primarily in the areas of retail, office and logistics, which correspond to modern and energetically sensible real estate concepts.
The strategy pursues an innovative and forward-looking concept. It takes into account the changed requirements of users for real estate already during the construction of the portfolio. The risk should be kept low by diversifying the properties by country, type of use, tenants and terms of the leases. The current investment strategy is rounded off by a moderate debt ratio of 20 to 25%. The fund aims for a sustainable return of 3.0 to 3.5% p.a..
Credit Suisse ImmoTrend Europe was launched in September 2018 as an open-ended real estate mutual fund in accordance with the Capital Investment Code (KAGB). In April 2019, two first properties with a total value of around €47m were secured by a contract of sale.