Credit Suisse Group plans to spin off its property business

Credit-Suisse, Basel-Stadt
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According to a report, Credit Suisse Group is planning to give up its property business, DLJ Real Estate Capital Partners, to management.

As per the report, the bank is not disclosing any details, neither about size of fund nor about the sales price of the deal.

Also, the report stated that the total real estate investment arm of Credit Suisse manages around 33.5 billion USD in property assets.