Credit Suisse has described its new real estate green fund as the first in Switzerland to invest in Swiss real estate projects and properties that meet sustainability and energy efficiency criteria. The CHF 300 mln (EUR 197 mln) Credit Suisse Real Estate Fund Green Property (CS REF Green Property) will invest in selected projects and buildings, mainly located in economically strong and urban locations.
Credit Suisse has described its new real estate green fund as the first in Switzerland to invest in Swiss real estate projects and properties that meet sustainability and energy efficiency criteria. The CHF 300 mln (EUR 197 mln) Credit Suisse Real Estate Fund Green Property (CS REF Green Property) will invest in selected projects and buildings, mainly located in economically strong and urban locations.
Credit Suisse says it measures sustainability according to its new greenproperty seal which is based on five defined criteria. The findings are reviewed by independent experts. Only qualifying investors will be able to participate in the fund's first issue, between 15 and 29 May 2009.
The greenproperty seal was developed by Credit Suisse Real Estate Asset Management in collaboration with Amstein + Walthert, a Zurich-based engineering and design practice.
