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CMS advises Deka on the acquisition of Pictet's headquarters in Geneva

Zurich, 14 January 2021 / Deka Immobilien has obtained a purchase contract for an office building in Geneva as part of a sale and leaseback transaction with the private bank Pictet & Cie Sa. The acquisition is being made by a joint venture of the two open-ended property funds WestInvest InterSelect and Deka-ImmobilienEuropa.

The object of purchase is the property Route des Acacias 60 in Geneva; the building was constructed in 2006 as the headquarters for the Pictet Group and will continue to be used by the Pictet Group in the future on a long-term basis.

A team of CMS Switzerland led by partner Sibylle Schnyder provided comprehensive legal advice to the buyer on the transaction.

CMS Switzerland

  • Dr Sibylle Schnyder, Partner, Real Estate
  • Dr Stefan Gerster, Partner, Real Estate
  • Dr Simone Brauchbar Birkhäuser, Counsel, IP/IT
  • Dominik Bonderer, Trainee

Related people

Dr Sibylle Schnyder, LL.M.
Partner
Zurich
Dr Stefan Gerster, LL.M., MRICS
Partner
Zurich
Dr Simone Brauchbar Birkhäuser, LL.M.
Counsel
Zurich
Dominik Bonderer
Trainee
Zurich
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