Acquisition of prime property portfolio



Acquisition of prime property portfolio


PSP Swiss Property purchases a prime property portfolio for CHF 190 million from Edmond de Rothschild (Suisse) S.A. As per 1 February 2018, nine representative office buildings are taken over.

The portfolio consists of 15’400 m2 letting area. All buildings are located in prime locations and are perfectly maintained. Five properties are located in Geneva’s banking district, two in Lugano and one each in Lausanne and Fribourg. Edmond de Rothschild (Suisse) S.A. remains single or main tenant in all buildings.

Strategically, this acquisition perfectly fits the existing portfolio of PSP Swiss Property and strengthens its position in particular in the French part of Switzerland.

Transfers of ownership will take place on 1 February 2018.

09/12/2017

Tags : PSP

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