Various real estate funds managed by Credit Suisse in Switzerland are expected to maintain stable distributions for the financial year ending in September 2023/24.
All four funds, namely CS Real Estate Fund (CSREF) Siat, CSREF Interswiss, CSREF LogisticsPlus, and CS 1a Immo PK, have achieved higher investment returns compared to the previous year, with returns ranging from 3.5% to 4.5%. In contrast, the prior year saw returns that were only marginally positive or slightly negative.
Distributions per unit have been set at CHF 45.00 for CS 1a Immo PK, CHF 4.81 for CSREF Interswiss, CHF 3.50 for CSREF LogisticsPlus, and CHF 3.38 for CSREF Siat, with payout ratios hovering around 100% or slightly above.
Furthermore, Silvio Preisig has been appointed as the fund manager for 1a Immo PK, effective December 2024. There is also a potential consideration for a merger between the Interswiss fund and the UBS (CH) Property Fund - Swiss Commercial "Swissreal" in 2026/2027.