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Sustainable investments.With CS REF Green Property
CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD.Real Estate Switzerland
October 2019
2The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
5
Key figures4
Issue 20193
Sustainability and awards2
Key facts, profile, and strategy1
Overview
6 Reasons to invest
Properties in the fund's net assets
3The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Planned issue
Credit Suisse Asset Management Global Real Estate is carrying out a share issue for Credit Suisse Real Estate Fund Green Property (CS REF Green Property, sec. no. 10 077 844) with a
volume of CHF 179.7 mn.
The issue will take place between October 28 and November 8, 2019.
The capital increase will preserve the subscription rights of existing shareholders.
The proceeds of the issue will be used to grow the high-quality real estate portfolio.
There are existing projects and intended purchases amounting to CHF 352 mn and a gross yield of around 4.16%.
Credit Suisse Real Estate Fund Green PropertyKey facts
Source: Credit Suisse Asset Management (Switzerland) Ltd. | Historical performance data and financial market scenarios are not reliable indicators of future performance
4The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Profile
Largest Swiss real estate fund with sustainable properties1 –the fund was launched in April 2009 and merged with CS REF PropertyPlus at the beginning of July 2016.
Broadly diversified portfolio – by properties, regions, types of
use, and tenants with 42 properties and six projects with a market value of approx. CHF 2,570.5 mn.
Traded on the SIX Swiss Exchange. The fund currency is the Swiss franc (CHF).
The fund holds the real estate directly.
Investment strategy
Sustainability – the aim is for projects and properties to meet the requirements of greenproperty, the quality seal for
sustainable construction. Focused on young building stock and new construction projects,
it invests in high-quality residential and commercial buildings
that are located in strong economic regions in Switzerland.
Credit Suisse Real Estate Fund Green PropertyProfile and investment strategy
Source: Credit Suisse Asset Management (Switzerland) Ltd.
1 SXI Real Estate® Funds TR as of December 31, 2018
5The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
5
Key figures4
Portfolio expansion and ongoing projects3
Sustainability and awards2
Key facts, profile, and strategy1
Overview
6 Reasons to invest
Properties in the fund's net assets
6The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green PropertyOverview of the fund's sustainability initiatives
1 | Building certificates 2 | Building optimization 3 | ESG performance
Internal standard:
greenproperty quality seal
External standards:
Minergie, SNBS, DGNB, LEED, etc.
Comprehensive ESG performance
measurement and benchmarking against the
market and peers with Global Real Estate
Sustainability Benchmark (GRESB), annually
Assessment and optimization with Siemens
Switzerland to enhance energy efficiency and to
reduce CO2 emissions
Short-term building optimization measures (low
capex)
Long-term measures per lifecycle of
installations (high capex)
4 | Renewable energy sources 5 | Electromobility 6 | CO2-neutral electricity
Photovoltaic systems have been installed on
roofs for cost-efficient energy consumption.
The use of the self-produced electricity is used
for the general electricity or by the tenants and
settled directly with the energy supply
companies.
In individual cases, a merger for own
consumption (ZEV) is checked and applied.
CO2-neutral electricity is used in communal
areas (e.g. lighting, elevator, heat pump, etc.)
Electricity is procured centrally via swenex
Swiss Energy Exchange Ltd.
If no CO2-neutral purchasing is possible for the
local supplier, compensation is provided via
swenex through the purchase of proofs of
origin from the production of renewable
energies (Wasserkraft Europa).
The monitoring and administration of
guarantees of origin is carried out by the
accredited certification institution Pronovo AG
The basic infrastructure of all buildings has
been designed with electric vehicle charging
stations in mind.
The equipment of the electric charging stations
(usually system with load management) takes
place on demand of the tenants.
For the electric two-wheelers (scooters)
charging stations are provided if required.
Central charging options for rechargeable
batteries of e-bikes are available on request.
Source: Credit Suisse Asset Management (Switzerland) Ltd.
7The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green PropertyImplementation of Sustainable Development Goals via greenproperty
In September 2015, 193 countries at the UNO summit in New York approved 17 Sustainable Development Goals (SDGs.)
UN Sustainable Development
Goals
Relevant development goals of
CS REF Green Property
As a result of the greenproperty quality seal, CS REF Green Property is able to meet 9 of the UN Sustainable Development Goals.
Source: UN Sustainable Development Goals (2019) | Credit Suisse Asset Management (Switzerland) Ltd.
8The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green Propertygreenproperty – the five dimensions and their criteria
Source: Credit Suisse Asset Management (Switzerland) Ltd.
Cri
teri
a
nUse Planning
Target groups
Interior design
Ambient comfort
Visual and acoustic
comfort
nInfrastructure Location
Mobility
Security
Emissions
External space
nCO2/energy Architecture/concept
Self-sufficiency
Greenhouse gases
Primary energy
Electricity
nMaterials Contaminated sites
Gray energy
Pollution
Indoor air quality
Water
nLifecycle Efficiency/flexibility
Commissioning
Maintenance
Operation
Data management/
documentation
Exam
ple
s Promoting social contact via communal spaces or meeting places
Easily accessible locations with links to public transportation to promote sustainable mobility
Renewable energy that is produced and used locally, thanks to the installation of photovoltaic systems
Avoidance of materials in the interior containing solvents to ensure that only environmentally friendly, non-toxic materials are used
Use of measuring devices for energy control to optimize operations.
9The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Web-based database for the certification process, reporting and historization of data
Utilization of Global Real Estate Switzerland for all new construction projects
10-year anniversary and launch of revised version
Recognition of the quality seal
from GRESB (Global Real Estate Sustainability Benchmark)
Launch of the quality seal
exclusively for Credit Suisse Real Estate Fund Green Property
First building is awarded
greenproperty Gold
Credit Suisse Real Estate Fund Green Propertygreenproperty – seal of quality success story
2009
Source: Credit Suisse Asset Management (Switzerland) Ltd.
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
100 quality seals awarded
and a further 150 properties in the process of certification
Real estate with a value of over
CHF 6 bn given certification
10The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
In 2018 and 2019, CS REF Green Property won the IAZI Real Estate Award in the Best Investment Fund
category. The objective selection criteria include various key figures such as performance, vacancy rates, and property expenses.
Credit Suisse Real Estate Fund Green PropertyAwards
Source: Credit Suisse Asset Management (Switzerland) Ltd.
In 2019, CS REF Green Property received the Green
Star Award from the international benchmarking initiative Global Real Estate Sustainability Benchmark (GRESB)
for its sustainability performance.
11The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
5
Key figures4
Issue 20193
Sustainability and awards2
Key facts, profile, and strategy1
Overview
6 Reasons to invest
Properties in the fund's net assets
12The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green PropertyKey figures on capital increase
Type of issue Best-effort basis with subscription rights trading
Subscription period Monday Oct. 28 – Friday Nov. 8, 2019, 12:00 (CET)
Subscription rights trading Monday Oct. 28 – Wednesday Nov. 6, 2019
Payment of securities subscribed Nov. 15, 2019
Issue price CHF 119.00 net per share certificate
Subscription ratio 12:1 (twelve existing shares certificates to one new one)
Target volume CHF 179.7 mn.
Issuing commission
2.50% of NAV (included in the issue price)
Partial reimbursement of the 0.75% issuing commission with the purchase of least 15,000 new shares (corresponds to approx. CHF 1.8 mn)
Fund unit identifierSwiss security number: 10 077 844ISIN: CH010 077 844 5
Subscription rights identifierSwiss security number: 50 030 028
ISIN: CH050 030 028 7
Source: Credit Suisse Asset Management (Switzerland) Ltd.
13The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green PropertyPortfolio expansion
Location Use Total volume Remaining amount Gross yield Construction
Bülach, "Im Guss," main building, BB1 52% retail, 48% commercial CHF 23 mn - 4.82% 2018–2019
Bülach, "Im Guss", "Hardhof", BB2 100% residential CHF 71 mn CHF 12 mn 4.08% 2018–2019
Bülach, "Im Guss," "Lindihof," BB5 100% residential CHF 77 mn CHF 14 mn 4.10% 2018–2019
Liestal, "Grammet" 100% residential CHF 61 mn CHF 36 mn 4.01% 2018–2020
Martigny, "Le Clos des Vergers" 100% residential CHF 38 mn CHF 12 mn 4.16% 2018–2020
Sursee, "Vierherrenplatz" 68% residential, 32% commercial CHF 26 mn CHF 15 mn 4.11% 2018–2021
1 Implementation dependent on legal effect of building permit | 2 50% joint ownership (under leasehold) | 3 Contracts are notarized. Entry is completed when building permit becomes legally binding.Source: Credit Suisse Asset Management (Switzerland) Ltd. | Historical performance data and financial market scenarios are not reliable indicators of future performance
Projects acquired
Planned projects
Ongoing projects
Location Use Total volume Remaining amount Gross yield Construction
Spreitenbach, "Tivoli-Garten"1/2 68% residential, 32% commercial CHF 140 mn CHF 140 mn 4.29% 2020–2024
Winterthur, "Lokwerk"1 100% residential CHF 33 mn CHF 33 mn 4.24% 2020–2022
Location Use Total volume Remaining amount Gross yield Construction
Lugano, "Parco Brentani"3 74% residential, 26% commercial CHF 90 million CHF 90 million 4.03% 2020–2023
Total ongoing projects, planned projects, and projects acquired CHF 559 mn CHF 352 mn 4.16% 2018–2024
14The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Bülach, "Im Guss,"
"Lindihof"
Under construction (residential)Purchase date: May 22, 2017Completion: Oct. 1, 2019Investment: CHF 76.8 mnGross yield: 4.10%Rental occupancy: 70%Sustainability: greenproperty
Credit Suisse Real Estate Fund Green PropertyOngoing projects
Bülach, "Im Guss,"
"Langenhof"
Under construction (residential)Purchase date: May 22, 2017Completion: Nov. 1, 2019Investment: CHF 70.8 mnGross yield: 4.08%Rental occupancy: 51%Sustainability: greenproperty
Bülach, "Im Guss,"
main building
Under construction (commercial)Purchase date: May 22, 2017Completion: Sept. 1, 2019Investment: CHF 23.5 mnGross yield: 4.82%Rental occupancy: 85%Sustainability: greenproperty
Source: Credit Suisse Asset Management (Switzerland) Ltd. | Historical performance data and financial market scenarios are not reliable indicators of future performance
15The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Sursee,
"Vierherrenplatz"
Under construction (mixed)Purchase date: July 17, 2018Completion: Mar. 1, 2021Investment: CHF 26.0 mnGross yield: 4.11%Start of marketing: Fall 2020Sustainability: greenproperty
Credit Suisse Real Estate Fund Green PropertyOngoing projects
Martigny,
"Les Clos de Vergers"
Under construction (residential)Purchase date: Apr. 5, 2018Completion: Mar. 1, 2020Investment: CHF 37.6 mn Gross yield: 4.16%Start of marketing: Fall 2019Sustainability: greenproperty
Liestal,
"Grammet"
Under construction (residential)Purchase date: Jan. 15, 2018Completion: Dec. 1, 2020Investment: CHF 61.3 mnGross yield: 4.01%Start of marketing: Fall 2019Sustainability: greenproperty
Source: Credit Suisse Asset Management (Switzerland) Ltd. | Historical performance data and financial market scenarios are not reliable indicators of future performance
16The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Lugano,
«Parco Brentani»3
Purchase date: Fall 2019Completion: 2023Investment: CHF 90 millionGross yield: 4.03%Sustainability: greenpropertyType of use: 74% residential
26% commercial
Credit Suisse Real Estate Fund Green PropertyPlanned projects
Winterthur,
"Lokwerk"1
Purchase date: Apr. 5, 2018Completion: 2022Investment: CHF 33 mnGross yield: 4.24%Sustainability: greenpropertyType of use: 100% residential
Spreitenbach,
"Tivoli Garten"1/2
Purchase date: Fall 2019Completion: 2024Investment: CHF 140 mnGross yield: 4.29%Sustainability: greenpropertyType of use: 68% residential
32% commercial
Source: Credit Suisse Asset Management (Switzerland) Ltd. | Historical performance data and financial market scenarios are not reliable indicators of future performance
1 Implementation dependent on legal effect of building permit | 2 50% joint ownership (under leasehold) | 3 Contracts are notarized. Entry is completed when building permit becomes legally binding.
17The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
5
Key figures4
Issue 20193
Sustainability and awards2
Key facts, profile, and strategy1
Overview
6 Reasons to invest
Properties in the fund's net assets
18The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green PropertyFinancial highlights
Past performance and financial market scenarios are not reliable indicators of future results.
Source: Annual and semi-annual reports for CS REF Green Property Last data point: June 30, 2019
Annual reports 12/31/2017 12/31/2018 06/30/2019
Net fund assets in CHF mn 2,044.7 2,061.3 2,031.6
Market value of properties in CHF mn 2,450.3 2,544.8 2,570.5
Premium/discount 20.54% 12.53% 29.16%
Distribution per unit in CHF 3.60 3.70 n/a
Direct yield 2.65% 2.89% n/a
Distribution rate 97.36% 95.86% n/a
Investment return 4.00% 4.12% 1.85%1
Debt financing ratio (in % of market value) 13.40% 14.41% 17.48%
Fund's total expense ratio (TERREFGAV) 0.66% 0.65% 0.65%
Fund's total expense ratio (TERREFMV) 0.70% 0.70% 0.69%
Rent default rate 5.20% 4.69% 3.59%
19The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green PropertyKey figures (1/3)
Source: Credit Suisse Asset Management (Switzerland) Ltd.
Last data point: December 31, 2018
2.50
3.00
3.50
4.00
4.50
2014 2015 2016 2017 2018
Distribution in CHF
2.9%
2.8%
2.9%
2.7%
2.9%
2.8% 2.8%
2.7% 2.7%
2.9%
2.6%
2.7%
2.7%
2.8%
2.8%
2.9%
2.9%
3.0%
2014 2015 2016 2017 2018
Direct yield
fund benchmark
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
2014 2015 2016 2017 2018
Rent default rate
Key takeaways
Stable annual distribution
Attractive direct yield
Falling rent default rate
20The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green PropertyKey figures (2/3)
Source: Credit Suisse Asset Management (Switzerland) Ltd. | Last data point: Investment return: Dec. 31, 2018 / Performance: September 30, 2019
For quarterly returns over the last five years see slide 29 – Historical performance and financial market scenarios are not reliable indicators of future results.
3.80%4.22%
5.68%
4.00% 4.12%
0%
1%
2%
3%
4%
5%
6%
2014 2015 2016 2017 2018
Investment return
Rolling performance Annual performance
9.4%8.0%
9.5%6.9%
-3.2%
15.0%
4.2%
6.8% 6.6%
-5.3%
-10%
-5%
0%
5%
10%
15%
20%
2014 2015 2016 2017 2018
fund benchmark
Key takeaways
Attractive investment return
Performance is above the benchmark
0.6% 0.2%
16.5% 16.9% 18.2%
47.0%
0.1% 1.0%
14.1% 13.0%14.6%
36.4%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
1 month 3 months YTD 1 year 3 years 5 years
fund benchmark
21The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
34.9%
28.2%
14.5%
9.4%
7.7%2.6% 2.8%
Offices
Residential
Retail
Cinemas/hotels/restaurants
Parking
Other
Warehousing
6.8%
10.3%
5.1%
14.7%
4.8% 4.1%
0.1%
6.0%
2.1%
9.9%
28.2%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
Credit Suisse Real Estate Fund Green PropertyKey figures (3/3)
Source: Credit Suisse Asset Management (Switzerland) Ltd. | Last data point: December 31, 2018 1 Weighted data on the basis of annual rent
Ten largest tenants
Cilag GmbH International 7.77%
Coop 5.11%
Migros 4.71%
BHS Hotel AG 2.86%
Shire AG 2.56%
Aduno Holding AG 2.38%
Fossil Group AG 2.38%
KPT Krankenkasse AG 2.25%
Steiner AG 2.19%
CYBM Basel AG 1.94%
Structural allocation by actual net rental income
Remaining life of rental agreements
WAULT: 6.0 years
40.9%
9.6%
20.3%
12.6%
6.5%
6.5% 3.0%
Zurich
Eastern Switzerland
Central Switzerland
Northwestern Switzerland
Bern
Southern Switzerland
Lake Geneva
Western Switzerland
Geographical distribution
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Credit Suisse Real Estate Fund Green PropertyEnergy and CO2 performance
Source: Credit Suisse Asset Management (Switzerland) Ltd. | Last data point: December 31, 2018
CO2 in kg/m2, total (adjusted for climate factors) Energy emission diagram
101.0 97.9 95.0 99.193.5 91.6
0
20
40
60
80
100
120
2012 2013 2014 2015 2016 2017
Energ
y in
kW
h/m
2,
tota
l
Final energy in KWh/m2, total (adjusted for climate factors)
15.3 14.9 14.4 14.6 13.8 13.6
0
5
10
15
20
2012 2013 2014 2015 2016 2017
CO
2 in
kg/m
2
0.0
10.0
20.0
30.0
40.0
50.0
60.0
0.0 50.0 100.0 150.0
CO
2em
issi
ons
in k
g/m
2
Final energy in kWh/m2
CS REF Green PropertySwiss average
Key takeaways
More than 50 percent lower CO2 emissions than the Swiss average
Around 25 percent lower energy consumption than the Swiss average
23The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
5
Key figures4
Issue 20193
Sustainability and awards2
Key facts, profile, and strategy1
Overview
6 Reasons to invest
Properties in the fund's net assets
24The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Dietikon,
«Westhöfe»
Mixed-use propertyPurchase date: 10/26/2009 26, 2009Year of construction: 2011 Market value: CHF 62.7 mn Gross yield: 4.91% 2.5% of the portfolio greenproperty Gold
Credit Suisse Real Estate Fund Green PropertyProperties in the fund's net assets (excerpt)
Source: Credit Suisse Asset Management (Switzerland) Ltd.
Bern,
«twistagain»
Commercial propertyPurchase date: 01/01/2014 Year of construction: 2016 Market value: CHF 92.2 mnGross yield: 5.04% 3.6% of the portfoliogreenproperty Gold
Basel,
Hammerstrasse 46
Commercial property Purchase date: 05/30/2007 Year of construction: 2008 Market value: CHF 25.7 mn Gross yield: 4.67% 1.0% of the portfolio Minergie
Eysins,
«Terre Bonne»
Commercial property Purchase date: 05/01/2012 Year of construction: 2012 Market value: CHF 44.3 mn Gross yield: 6.49% 1.7% of the portfolio greenproperty Silver
Historical performance data and financial market scenarios are not reliable indicators of future performance.
25The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Rorschach,
«Trischli's»
Mixed-use property Purchase date: 01/15/2010 Year of construction: 2011 Market value: CHF 41.4 mn Gross yield: 4.97% 1.6% of the portfolio greenproperty Gold
Credit Suisse Real Estate Fund Green PropertyProperties in the fund's net assets (excerpt)
Source: Credit Suisse Asset Management (Switzerland) Ltd.
Lucerne,
«Lakefront Center»
Commercial property Purchase date: 10/05/2004 Year of construction: 2006 Market value: CHF 123.7 mn Gross yield: 4.82% 4.9% of the portfolio greenproperty Bronze
Geneva,
Rue Ferdinand Hodler 23
Commercial property Purchase date: 07/01/2009 Year of construction: 1961/2007 Market value: CHF 41.2 mn Gross yield: 4.10% 1.6% of the portfolio greenproperty Silver
Schlieren,
«amRietpark»
Mixed-use property Purchase date: 05/01/2012 Year of construction: 2012/13/15 Market value: CHF 185.7 mn Gross yield: 4.36% 7.3% of the portfolio greenproperty Bronze-Gold
Historical performance data and financial market scenarios are not reliable indicators of future performance.
26The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Zug,
«Foyer»
Commercial property Purchase date: 05/10/2010 Year of construction: 2012 Market value: CHF 221.3 mn Gross yield: 4.15% 8.7% of the portfolio greenproperty Gold
Credit Suisse Real Estate Fund Green PropertyProperties in the fund's net assets (excerpt)
Source: Credit Suisse Asset Management (Switzerland) Ltd.
Winterthur,
«Roy»
Residential property Purchase date: 04/25/2013 Year of construction: 2016 Market value: CHF 38.3 mn Gross yield: 4.13% 1.5% of the portfolio greenproperty Gold
Wallisellen,
«Zentrum»
Commercial property Purchase date: 10/01/2013 Year of construction: 2010 Market value: CHF 120.8 mn Gross yield: 5.07% 4.8% of the portfolio greenproperty Silver
Zurich,
«Accu»
Mixed-use property Purchase date: 12/01/2004 Year of construction: 2006 Market value: CHF 187.1 mn Gross yield: 4.26% 7.4% of the portfolio greenproperty Bronze
Historical performance data and financial market scenarios are not reliable indicators of future performance.
27The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
5
Key figures4
Issue 20193
Sustainability and awards2
Key facts, profile, and strategy1
Overview
6 Reasons to invest
Properties in the fund's net assets
28The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green PropertyReasons to invest
Switzerland's largest real estate
fund1 with a focus on
sustainability
Gross yield of 4.16%for
ongoing and planned projects
General power consumption of
all properties is CO2-
neutral
Investments in
residential and commercial
properties
Broadly diversified portfolio with
48 properties
greenproperty quality seal uses
ESG criteria
Most portfolio properties have
good public
transportation
links
Focus on strong urbanregions of Switzerland
Ongoing and planned projects
amounting to
CHF 352 mn
1 SXI Real Estate® Funds TR as of December 31, 2018
Source: Credit Suisse Asset Management (Switzerland) Ltd. | Historical performance data and financial market scenarios are not reliable indicators of future performance
29The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green PropertyYour contacts
Key figures as of semi-annual and annual closing of accounts Past performance and financial market scenarios are not reliable indicators of future performance.
Source: Credit Suisse Asset Management (Switzerland) Ltd.
Portfolio Manager
Urs FreyProduct ManagementSihlcity – Kalandergasse 48070 Zurich, Switzerland
Phone +41 44 334 31 50*
Fund details
Fund domicile SwitzerlandFund currency CHF
End of financial year December 31Inception May 12, 2009Management fee 0.50% p.a.TERREFGAV 0.65%Fund's net assets (in CHF mn) 2,031.6Total fund assets (in CHF mn) 2,603.4Number of properties 42 properties
6 construction projects
Distribution as of Mar. 11, 2019 (CHF) 3.70Direct yield 2.89%
Rental default rate 3.59%
Debt financing ratio 17.48%
Bloomberg CSREGRP SW
Swiss Security Number 10077844ISIN CH0100778445
Product Specialist
Christian Braun, CIIA
Business DevelopmentSihlcity – Kalandergasse 48070 Zurich, Switzerland
Phone +41 44 333 44 00*
*Please note that telephone calls to our numbers may be recorded. By making a call, you acknowledge your agreement with this business practice.
30The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green PropertyKey figures – quarterly returns
Source: Credit Suisse / Datastream Last data point: September 30, 2019
Historical performance data and financial market scenarios are not reliable indicators of future performance.
Q1 Q2 Q3 Q4
quarterly returns net BM rel. net BM rel. net BM rel. net BM rel.
2014 5.84% 3.69% 2.15% -0.52% 1.09% -1.61% 0.79% 3.09% -2.30% 3.14% 6.41% -3.27%
2015 11.51% 8.16% 3.35% 0.62% -4.86% 5.48% 3.14% -7.49% 10.63% 4.09% 2.80% 1.29%
2016 9.55% 3.79% 5.76% -0.83% 2.57% -3.40% 2.74% 0.88% 1.86% -1.86% -0.50% -1.36%
2017 3.92% 4.57% -0.65% 0.75% 2.49% -1.74% -2.69% -2.82% 0.13% 4.92% 2.35% 2.57%
2018 -1.88% -1.86% -0.02% -0.31% -0.76% 0.46% -1.47% -1.82% 0.35% 0.39% -0.99% 1.38%
2019 9.73% 8.46% 1.27% 5.93% 4.15% 1.78% 0.21% 1.03% -0.82% see bellow see bellow see bellow
1 month 3 months YTD
net BM rel. net BM rel. net BM rel.
2019 0.63% 0.15% 0.48% 0.21% 1.03% -0.82% 16.48% 14.13% 2.35%
31The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Mitigation
Thorough due diligence prior to purchase of any property Continuous monitoring of individual investments, rental markets,
and the macroeconomic environment by our Global Real Estate
Strategy team
Local internal and external experts on regulatory framework conditions and taxes
Broad portfolio diversification through carefully selected properties
Investments primarily through equity and a carefully selected level of debt capital absorb negative interest rate developments
Risk
Limited liquidity compared with larger listed investment products
The values of properties may fluctuate, for example due to the
following:
Unfavorable changes in supply or demand that negatively impact the acquisition/sale or rental of properties
Development of interest rates and/or currencies Taxes or changed regulatory conditions in the respective
markets Environmental risks Disasters Force majeure and terrorism
Credit Suisse Real Estate Fund Green PropertyRisks and risk mitigation
32The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Credit Suisse Real Estate Fund Green PropertySelected ESG criteria and the five greenproperty dimensions
Source: Credit Suisse Asset Management (Switzerland) Ltd.
E | Environment
CO2 emissions
Energy efficiency
Water consumption
Waste consumption
Pollution
Biodiversity
S | Social
Working conditions
and working standards
Health, safety,
and wellbeing
Community engagement and
relations
Gender equality
Human rights
G | Governance
Board quality and
diversity
Shareholder rights
Compliance and control
Systematic risk management
Business ethics
Regulatory requirements
Selected ESG
criteria
The five greenproperty
dimensions and their criteria
1 | Use
Planning
Target groups
Interior design
Ambient comfort
Visual and
acoustic comfort
3 | CO2/energy
Architecture/concept
Self-sufficiency
Greenhouse gases
Primary energy
Electricity
2 | Infrastructure
Location
Mobility
Security
Emissions
External space
4 | Materials
Contaminated sites
Gray energy
Pollution
Indoor air quality
Water
5 | Lifecycle
Efficiency/flexibility
Commissioning
Maintenance
Operation
Data
management/documentation
33The disclaimers mentioned at the end of this document also apply to this page.CREDIT SUISSE ASSET MANAGEMENT (Switzerland) LTD. October 2019
Disclaimer
The information provided herein constitutes marketing material. 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 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 where legally possible does not accept any liability for losses that might arise from making use of the information. If nothing is indicated to the contrary, all figures are unaudited. The information provided herein is for the exclusive use of the recipient.Neither this information nor any copy thereof may be sent, taken into or distributed in the United States or to any U. S. person (within the meaning of Regulation S under the US Securities Act of 1933, as amended).It may not be reproduced, neither in part nor in full, without the written permission of CS.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).CS Real Estate Fund Green Property: This fund is domiciled and registered in Switzerland. The fund management company is Credit Suisse Funds AG, Zurich. The custodian bank is Credit Suisse (Switzerland) Ltd, Zurich. The prospectus, the simplified prospectus and/or the Key Investor Information Document (KIID) and the annual and half-yearly reports may be obtained free of charge from the fund management company or from any branch of Credit Suisse (Switzerland) Ltd. in Switzerland.Your Personal Data will be processed in accordance with the Credit Suisse privacy statement accessible at your domicile through the official Credit Suisse website https://www.credit-suisse.com. In order to provide you with marketing materials concerning our products and services, Credit Suisse Group AG and its subsidiaries may process your basic Personal Data (i.e. contact details such as name, e-mail address) until you notify us that you no longer wish to receive them. You can opt-out from receiving these materials at any time by informing your Relationship Manager.”
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