Credit Suisse Real Estate Investment Management Germany has selected CACEIS to administer its German real estate funds.
Holger Sepp, management board member at CACEIS in Germany, said: “We are delighted to announce this new relationship. We are confident that our in-depth experience of administering real estate assets worldwide will enable us to meet the needs of Credit Suisse Real Estate Investment Management now and in the future.”
The Paris-based asset manager has been expanding its fund administration offer in Germany since April in response to a growing demand for outsourcing real estate fund services.
Frank Schäfer, managing director of Credit Suisse Asset Management in Germany, said: “This deal allows us to focus our resources on our core competencies of conception and management of real estate investment products for our investors.”
“The request for proposal process enabled us to carefully consider all relevant aspects of outsourcing our fund administration needs to a servicing provider.”
“We are therefore convinced that by selecting CACEIS, a leading European fund administrator with proven real asset expertise in Germany and elsewhere, we have not only made the best possible choice for Credit Suisse Real Estate Investment Management, but also for our investors.”
