Credit Suisse property fund postpones planned capital hike
ZURICH (Reuters) -The management of Credit Suisse Real Estate Fund Green Property has postponed a capital increase announced for the fourth quarter, citing high volatility for property funds and a market environment which has deteriorated significantly.
The Swiss bank said on Monday a successful issue in the fourth quarter could not be guaranteed.
“The fund management will closely monitor the development of the market and will decide in due course on a possible implementation of the capital increase for Credit Suisse Real Estate Fund Green Property,” it added.
(Reporting by Michael ShieldsEditing by Shri Navaratnam)