Global Real Estate of Credit Suisse Asset Management is one of the leading international real estate investment managers based on strong Swiss foundations – the first Swiss real estate fund dates back to 1938. Whatever the project, we have the expertise to manage real estate investments from start to finish.
Our 170-strong Real Estate team has years of experience of realizing construction projects and renovations and managing real estate portfolios. It is based in Zurich, Lausanne, Frankfurt, London, Milano, New York and Singapore and looks after over 1,300 properties in 17 countries. Today Global Real Estate is ranked among the top 20 largest providers of real estate investment solutions worldwide, is the third largest in Europe and the largest in Switzerland.
Credit Suisse Asset Management Global Real Estate takes an uncompromising approach to real estate management. We only purchase real estate, real estate projects, and sites that meet our strict investment criteria. The specific investment criteria we apply depend on the profile of the investment vehicle for which the property is intended. Internationally, we focus on well-established markets or markets with growth potential, distinguished by their liquidity, transparency and secure legal systems. While we prefer properties that can generate a strong and stable revenue, in select cases we will also consider properties for their growth potential.
In addition to purchasing individual properties, projects, and sites, we can convert directly-owned real estate and real estate portfolios into indirect real estate investments – a process known as asset securitization. Sale-and-rent-back solutions are available for clients who want to sell their real estate and rent back the properties required for their operations.
Managing real estate in a sustainable manner is absolutely essential for us. Sustainability is an important criterion for any decision to buy or sell real estate. With new construction projects, we build in a sustainable manner and aim to achieve Swiss and international certifications. Existing properties are continually checked and are optimized in terms of energy efficiency, for example.
Industrial markets are in the sweet spot currently. Demand remains high and we see further rental growth as driver in many regions, particularly the US, UK and Central and Eastern Europe. The low cap rates however limit the upside for the coming years.
Office markets are in a cyclical upswing globally. Vacancy rate have dropped in many key cities around the world. The strongest upside we see in Europe but key metros in Asia are also likely to be supported going forward. Low cap rates for core properties suggest a core value added focus.
Structural trends support the demand for rental apartments. US Multifamily, UK PRS or Dutch rental properties are our focus globally.
Retail is the weakest segment, particularly in the US and UK. We anticipate further weakness in rents and capital values going forward for this segment globally.
The information provided herein was produced by Credit Suisse Group AG and/or its affiliates (hereafter "CS") with the greatest of care and to the best of its knowledge and belief. The information and views expressed herein are those of CS at the time of writing and are subject to change at any time without notice. They are derived from sources believed to be reliable. CS provides no guarantee with regard to the content and completeness of the information and does not accept any liability for losses that might arise from making use of the information. The information provided herein is for the exclusive use of the recipient. It is not investment advice or otherwise based on a consideration of the personal circumstances of the addressee nor is it the result of objective or independent research. The information provided herein is not legally binding and it does not constitute an offer or invitation to enter into any type of financial transaction.
The key risks of real estate investments include limited liquidity in the real estate market, changing mortgage interest rates, subjective valuation of real estate, inherent risks with respect to the construction of buildings and environmental risks (e.g., land contamination).
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News from Global Real Estate of Credit Suisse Asset Management
Credit Suisse Asset Management Global Real Estate has acquired two mixed-use buildings in Warsaw, Poland, and two dry-storage warehouses in the Seoul Capital Area, South Korea, on behalf of its real estate funds. The four properties further strengthen the investment vehicles’ international presence in lucrative real estate markets.
White Papers / Research from Global Real Estate of Credit Suisse Asset Management
In our view, the current environment in Europe remains favourable for value-added investments.
The building sector has been identified as one of the key areas in which improvements in energy efficiency can be realised. In fact, the real estate sector accounts for more than 40% of the energy demand in Europe, which has a significant impact on global warming and greenhouse gas emissions (CO2).