Rue Saint Pierre 6
Fribourg, Switzerland
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Acquisition Type:Investment (CPV/CAP Pensionkasse Coop)
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Acquisition Date:2011
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Status:Sold 2013 (Zurich IMRE)
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Project:City Centre
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Building Age:1973
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Size:6,677 sq.m.
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Asset Class:Office/Retail/Leisure
Highlights
- Former Coop department store
- Substantial refurbishment program
- Reconfiguration of ground floor and basement areas to provide a new restaurant and separate bowling operation
- Increased gross income by 60% and and weighted average lease term to 11 years
- 5-year business plan concluded 18 months ahead of schedule
- Sold to Institutional Investor 2013
