The fund had faced investor redemption requests but UBS said meeting those would require selling assets at an ‘inopportune time,’ impacting existing investors
is to liquidate a $2-billion real estate fund it acquired when it bought Credit Suisse , the Swiss bank said on Thursday, in the latest sign of investors selling out of troubled commercial property markets.
Commercial real estate finance company Blackstone Mortgage Trust in July slashed its dividend, while the Starwood Real Estate Income Trust in May temporarily limited share redemptions to avoid forced sales of its holdings. UBS acquired Credit Suisse in 2023 after its long-time rival collapsed amid a string of financial setbacks.
Fund Ubs Portfolio Bank Estate Asset Assets Credit Suisse UBS Switzerland
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