Article
The modern design of the Lüdin site in Liestal is interesting both from a town planning and investment perspective. Credit Suisse Asset Management makes this and similar projects accessible to a broad public, creating investment opportunities through their inclusion in the fund portfolio. In times of economic uncertainty and rising inflation, real estate funds can fulfill a true investment need.
September 27, 2022
This is a marketing communication.
Please refer to the prospectus/information document of the fund and to the KIID/KID (as applicable) before making any final investment decisions.
The Lüdin site is located in the middle of the Baselland municipality of Liestal between the old town and the railway station. Its central location with excellent public transport links offers a valuable opportunity for implementing new urban ideas and living concepts. With the planned building project scheduled to be completed in parallel with the renovation of the nearby railway station, the Lüdin site will give rise to a new multidimensional quarter that will seamlessly blend into the existing urban environment both visually and functionally.
Home ownership, rentals and all aspects of housing are caught between conflicting social priorities in Switzerland, with demands for sustainability and densification set against the desire to retain existing structures and increasing questions about cost. And last but not least, the preferences of residents also play a crucial role. Meeting all the diverse requirements presents complex challenges for those in charge.
The Credit Suisse Real Estate Fund Siat (CS REF Siat) is a residential real estate fund that invests primarily in multi-family houses in large and medium-sized Swiss centers along with their urban areas. The fund also has selected business properties.
Founded in 1938, the CS REF Siat is Switzerland's oldest real estate fund. It stands for investor confidence and well-located investment real estate, such as properties in Zurich Seefeld or Zurich Enge.
The Lüdin site in Liestal satisfies the various requirements of housing construction and urban development. The site is located next to the old town and directly by the railway station, making it ideally placed for Basel commuters. However, specifically due to its excellent location, there are a large number of specifications and access rights that have an effect in terms of urban landscape, usage, density and sustainability.
The planned project brings together demanding and sometimes contradictory expectations in terms of the quality and experience of the living space and external areas as well as urban planning and development. The well-known Lüdin building from the 1950s and the old town buildings on Schützenstrasse 4 will be retained. Respect for traditional construction styles will also feature heavily on the rest of the site, with pitched roofs paying architectural homage to the nearby old town.
The entire project is designed to be a coherent urban quarter and to have a spacious, park-like feel. In total, there will be 134 rental apartments with additional space for small commercial units as well as 190 underground parking spaces, of which 80 will be available for public use. The scheduled occupancy date is the end of 2025.
Aspects of sustainability will be at the forefront in every phase of planning and construction. This also means that the Lüdin site will be established as a lively and attractive urban quarter rather than a dormitory town for commuters that comes to a standstill during the working week. Residential areas will therefore be interspersed with public commercial spaces. The aim is to breathe life into the area by having workshops and cafés for public use. The work will be carried out in line with the latest energy and building knowledge and standards. Furthermore, residents will be encouraged to use public transport thanks to the excellent transport links.
To the extent that this material contains statements about the future, such statements are forward looking and are subject to a number of risks and uncertainties and are not a guarantee of future results/performance. The investment promoted in this marketing material concerns the acquisition of units or shares in a fund and not of any underlying assets. The underlying assets are owned by the fund only.
The full offering documentation, including complete information on risks may be obtained free of charge from a Credit Suisse representative or where available via Fundsearch (credit-suisse.com/fundsearch).
Source: Credit Suisse, unless otherwise specified.
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