Deutsche Postbank AG, Bonn, has started offering open real estate funds. To this end, it has entered into a cooperation with Credit Suisse Asset Management (CSAM), Frankfurt. As of immediately, customers can draw on this new product under the name “Postbank Immobilienfonds: CS EUROREAL”. The cooperation with CSAM is the second arrangement that Postbank has entered into with the CS Group, following the Postbank easytrade partnership with Credit Suisse First Boston (CSFB) last year for share issues.
As a result of offering open real estate funds, Postbank rounds off its customer investment product range. In addition to the successful investment funds and its traditional strength in the savings and investment business, the bank also entered the share dealing business in September 2000 with its direct brokerage, Postbank easytrade. In recent history, it has been issuing Postbank bearer bonds.
Utilising the opportunities of the European real estate markets
“CS Euroreal” is an open real estate fund, which invests throughout Europe, focussing on office and commercial real estate. Its investments comprise properties in the European trading and financial centres such as London, Amsterdam, Paris, Milan, Frankfurt, Hamburg and Berlin.
Since it initial launch in April 1992, “CS Euroreal” has been one of the top performers. The value development last year was six percent. Of great interest is the high tax-free share, which last year totalled 61 percent of this value increase. An investment in this real estate fund offered by Postbank is therefore particularly suitable for investors looking for the high security offered by tangible assets and have already utilised their tax-free provisions.
The respective purchase and sale prices apply. Customers who open a portfolio account at Postbank Privat Investment from March 5 onwards, will have free account management for 1 year. Customers can reinvest dividends free of charge. The minimum investment is DM 5,000/EU 2,500, the issue premium five percent. Fund savings schemes can be arranged from DM 100/ EU 50.
Overview of “Euroreal Immobilienfonds: Postbank CS”:
| Type of fund |
Open real estate fund dividend
paying / reinvesting |
| Issue period |
None |
| Term |
Unlimited |
| Fund launch date |
April 6, 1992 |
| Minimum investment |
Euro 2,500 / DM 5,000 one off or
Euro 50 / DM 100 regularly |
| Fund currency |
Euro |
| Costs |
5.00 % issue premium 0.025 %
portfolio management fee 0.65 %
p.a. management fee 0.1 % account
management fee (free for 1 year for
new customers) |
| Share ID number |
980 500 |
| Recommended investment term |
From 5 years |
Investors can acquire sales agreements, the sale brochure and further information at the branches of Deutsche Post or at Postbank Direkt-Service on + 49 (0) 180 30 40 500. Or access the following Website: www.postbank.de/optimix.
