CMS advises Swiss Prime Site Immobilien AG on substantial acquisition in Winterthur
Swiss Prime Site Immobilien AG has acquired Bellevue-Bau AG from Anlagestiftung fenaco LANDI.
Thereby, Swiss Prime Site Immobilien AG has taken over three fully rented premises ideally located near the central station in Winterthur: All exposed brick buildings around the building «Roter Turm» are now owned by Swiss Prime Site Immobilien AG. Hence, Swiss Prime Site AG, already owning the building «Roter Turm», obtains great opportunity to achieve significant synergies and create an independent, small business centre for the city of Winterthur. The acquired properties have usable space of 22 700 sqm and generate a rental income of CHF 5.4 million per year. The purchase agreement was signed and completed on 30 November 2017.
A team of CMS Zurich around partner Dr Sibylle Schnyder has advised Swiss Prime Site Immobilien AG on this acquisition.
Swiss Prime Site Immobilien AG is a group company of the listed Swiss Prime Site AG. Its real estate portfolio is valued at more than CHF 10 billion. The investment focus of Swiss Prime Site Immobilien AG lies on investment in high-quality real estate with first-class locations in Switzerland.
Press release (only in German)