CMS advises Swiss Prime Site Immobilien on expansion of the real estate portfolio
Swiss Prime Site is purchasing the «West-Log» construction project from Implenia. The yet to be constructed building has been awarded planning permission and will be used for urban logistics. The building will have a usable area of approx. 17 500 m2 and commissioning is planned for 2020. So far, 85% of the available spaces have already been pre-let to a Swiss wholesale company on a long-term rental basis.
A team of CMS Zurich around partner Dr Sibylle Schnyder has advised Swiss Prime Site Immobilien AG on this expansion.
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.
Dr Sibylle Schnyder, Partner, Real Estate
Seraina Kihm, Associate, Real Estate