Credit Suisse reviews issue of up to $175m for green property fund

The fund management company and the global real estate unit of Credit Suisse Asset Management are reviewing an issue of CHF 140 million to CHF 170 million ($144 million to $175 million) for the Credit Suisse Real Estate Fund Green Property (CS REF Green Property).

CS REF Green Property focuses on sustainable construction and invests in new high-quality construction projects  in strong Swiss economic regions.

The proceeds of the issue will be used to further expand and diversify the real estate portfolio, with a focus on sustainable properties. Credit Suisse said the goal is to ensure that properties and new construction projects meet the rigorous requirements of the green property seal of quality for sustainable real estate, which evaluates qualitative and quantitative criteria with regard to utilization, infrastructure, energy, materials and life cycle.

The issue will take place in the fourth quarter of 2022.