• 1f. Real Estate Trends and News – North Texas

  UBS To Sell Offices in US, Canada As Valuation Declines Weigh on Global Fund

  Posted by propshop_connector on 20 August 2024 at 11:33 AM

  https://www.costar.com/article/1457885280/ubs-to-sell-offices-in-us-canada-as-valuation-declines-weigh-on-global-fund

  Costar Writes:

  “Swiss Bank To Shut Down $2 Billion International Fund Amid Mounting Redemption Requests

  UBS Group plans to liquidate a $2 billion real estate fund holding 12 office properties in the United States and Canada in the latest sign that investors are pulling funds out of the troubled commercial real estate market.

  The Swiss bank plans to liquidate the properties in its Credit Suisse Real Estate Fund International, a fund it acquired after Credit Suisse collapsed in 2023, UBS said in a statement.”

  Read more in the original article below:

  

  costar.com

  UBS To Sell Offices in US, Canada As Valuation Declines Weigh on Global Fund

  Swiss Bank To Shut Down $2 Billion International Fund Amid Mounting Redemption Requests

  propshop_connector replied 1 month, 2 weeks ago 1 Member · 0 Replies
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