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Industry 22

Zurich, Switzerland
  • Acquisition Type:
    Sale leaseback (Siemens)

  • Acquisition Date:
    2013

  • Status:
    Sold 2018

  • Project:
    4 buildings

  • Building Age:
    1971-1994

  • Size:
    27,000 sq.m.

  • Asset Class:
    Industrial/Production/Logistics/Office
Highlights
  • Sale and leaseback of 75% of manufacturing and production facility reducing to 25% over 2 years
  • Multi-million CHF refurbishment to allow for multi-occupaition, including new retail uses
  • Full regulatory fire security compliance
  • Development of additional land parcel for retail use
  • Leasing to 80% occupancy
  • Extensive branding and marketing exercise