Credit where credit is due - LandAid – The property industry charity

Feb

2010

Credit where credit is due

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With a commendable show of generosity Credit Suisse has created a worthy precedent by scaling back the customary “closing dinner” to mark the successful fundraise for the Mountgrange Real Estate Opportunity Fund and has instead made a donation of £3,000 to LandAid.

This followed discussions between the principals of Mountgrange and the members of the Credit Suisse Real Estate Private Fund Group about the best way of marking this fine achievement despite the extremely difficult fundraising conditions. The thought quickly emerged that the right approach in the current economic climate was to make a donation to charity. LandAid, as the property industry charity, with its focus on helping the young and disadvantaged, seemed the natural choice. Hopefully Credit Suisse and Mountgrange have set an example that others will follow.

Eric Lemer, a London-based Director in Credit Suisse’s Real Estate Private Fund Group said: “We were very pleased to respond to Mountgrange’s suggestion that we find a worthwhile way of celebrating the successful raising of their real estate opportunity fund. We believe that in supporting LandAid we have achieved this and we would encourage others to consider following our lead.”

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Rosie Groves
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