Credit Suisse 1a Immo PK postpones IPO
The fund management of the Credit Suisse 1a Immo PK real estate fund has decided to postpone the Initial Public Offering (IPO) scheduled for the fourth quarter of 2022 due to the current market conditions and the high volatility in the market for real estate funds.
Zurich
13.07.2022

For further information

Contact for media:
Media Relations, Credit Suisse AG, +41 844 33 88 44, media.relations@credit-suisse.com

Contact for investors:
Ulrich Braun, Head of Product and Business Development, Credit Suisse Asset Management (Switzerland) Ltd., +41 44 332 58 08, ulrich.braun@credit-suisse.com

Share Buttons
Close Share Print
Send as emailShare on FacebookTweet this pageShare on LinnkedInShare on Google+

Credit Suisse Funds AG has largely completed preparations for the listing of Credit Suisse 1a Immo PK (CS 1a Immo PK, security no.: 844 303) as planned. However, the market for real estate funds is currently going through a phase of high volatility and strongly fluctuating trading volumes, so that a successful IPO in the fourth quarter of 2022 cannot be guaranteed. Due to the changed market conditions, the situation will be reassessed and information on the further course of action will be provided in due course.

Credit Suisse Asset Management (Switzerland) Ltd.

Credit Suisse Asset Management (Switzerland) Ltd. is part of the Asset Management division of Credit Suisse Group. Asset Management manages assets worth over CHF 462.0 bn worldwide (as of March 31, 2022). Backed by the global market presence of Credit Suisse Group, Asset Management offers active and passive solutions for traditional and alternative investments as well as proven product expertise in Switzerland, EMEA, APAC, and the Americas. Great importance is attached to sustainability. We offer a broad selection of active and passive investment funds that comply with the Credit Suisse Sustainable Investment Framework or replicate a sustainable index. In doing so, we pursue differing approaches, in which environmental, social and governance (ESG) criteria are applied at various points in the investment process.

Disclaimer

This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not necessarily a guide to the future. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

If nothing is indicated to the contrary, all figures are unaudited. The information provided herein is for the exclusive use of the recipient. Neither this information nor any copy thereof may be sent, taken into or distributed in the United States or to any U. S. person (within the meaning of Regulation S under the US Securities Act of 1933, as amended).

The tax treatment depends on the individual circumstances of each client and may vary over time. Credit Suisse does not provide tax advice, and tax implications have not been taken into consideration when calculating the returns.

Credit Suisse 1 a Immo PK, the collective investment scheme specified herein, is issued in Switzerland. The target group of investors is restricted to tax-exempt domestic institutions for employee benefits insurance and tax-exempt domestic social insurance and compensation offices. The fund management company is Credit Suisse Funds AG, Zurich. Credit Suisse (Switzerland) Ltd., Zurich, is the custodian bank. Subscriptions are valid only on the basis of the current fund contract including appendix, as well as the most recent annual report (or semi-annual report, if more recent). The fund contract with appendix, as well as the annual and semi-annual reports, are available free of charge from Credit Suisse Funds AG, Zurich, and from all Credit Suisse (Switzerland) Ltd. branches in Switzerland.

The key risks of real estate investments include limited liquidity in the real estate market, changing mortgage interest rates, subjective valuation of real estate, inherent risks with respect to the construction of buildings, and environmental risks (e.g. land contamination).

  • Tags:
  • Media Release ,
  • Latest News ,
  • Asset Management

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Credit Suisse Group AG published this content on 13 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2022 05:23:09 UTC.