Credit Suisse Asset Management has postponed an initial public offering (IPO) of a real estate fund, citing current market conditions.
The asset manager said the Credit Suisse 1a Immo PK real estate fund’s listing, which was planned for the fourth quarter of this year, has been delayed “due to the current market conditions and the high volatility in the market for real estate funds”.
Credit Suisse said despite preparing for the IPO, 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”.
As a result of the changed market conditions, the manager said it will reassess the situation and provide an update in due course.
To read the latest edition of the latest IPE Real Assets magazine click here.
