06:19 AM EDT, 08/15/2024 (MT Newswires) -- UBS (UBS) has decided to liquidate the Credit Suisse Real Estate Fund International amid limited liquidity in real estate markets, multiple news outlets reported on Thursday, citing the Swiss bank.

UBS would need to sell the fund's most liquid assets during a challenging real estate market period to meet the redemption requests for 2023, these reports quoted UBS as saying.

The move could negatively impact remaining investors, reduce the portfolio's appeal, and potentially lead to further redemptions, UBS said, according to these reports.

UBS did not immediately respond to MT Newswires' request for comment.

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