Credit Suisse Asset Management (CSAM) is planning to develop more property in Europe and expand its real estate business beyond its core Swiss and German markets. 'We are spreading out with products that give our clients global exposure and by getting more involved in development in the rest of Europe,' CSAM's head of real estate strategy Peter Delisperger told news agency Reuters.
Credit Suisse Asset Management (CSAM) is planning to develop more property in Europe and expand its real estate business beyond its core Swiss and German markets. 'We are spreading out with products that give our clients global exposure and by getting more involved in development in the rest of Europe,' CSAM's head of real estate strategy Peter Delisperger told news agency Reuters.
Delisperger said CSAM will launch a fund specialising in global property shares, including real estate investment trusts. 'We will be using derivatives as soon as liquidity is adequate,' he added. CSAM has about EUR 18.16 bn in real estate assets under management, including EUR 10.6 bn in Switzerland.
