Visit Westcore US
info@westcore.eu

Westcore Europe

  • Home
  • About Us
  • Philosophy
  • Team
  • Case Studies
  • Brochure
  • Careers
  • Contact

Rue Saint Pierre 6, Fribourg, Switzerland

    Home Portfolio Rue Saint Pierre 6, Fribourg, Switzerland
    NextPrevious

    Rue Saint Pierre 6, Fribourg, Switzerland

    20th September 2017
    1

    Rue Saint Pierre 6 is a multi-storey office building with a ground floor restaurant and public car park with a net leasable floor area of 6,700 sq.m. It is located close to Fribourg’s principal shopping center and less than 400 meters from the train station. The building was originally developed as a Co-Op department store. Following the store’s closure, it was leased to a variety of tenants with leases of varying lengths and covenant quality.

    Westcore acquired the property in 2010, with a business plan to reconfigure and refurbish the existing vacant space and restructure a number of leases, either by extending or replacing incumbent tenants. Westcore allocated approximately CHF 3 million from debt and equity to fund capital and tenant improvements. These included refurbishments of the public car parking and common areas, landscape upgrades, replacement of roof coverings, and renovation to approximately 60% of the leasable floor space.

    Westcore sold the building in 2014 to an institutional investor, having improved gross income by 60%, with a weighted average lease term exceeding 11 years.

    Category:
    Switzerland
    Avatar

    Westcore Admin

    More posts by Westcore Admin

    London Office

    42 St James’s Place, London,
    SW1A 1NS, United Kingdom.
    Phone: +44 20 3841 8602

    Geneva Office

    Rue des Voisins 17, CH-1205, Geneva, Switzerland.
    Phone: +41 22 989 53 53

    Berlin Office

    Represented by Peregrine Holdings,
    Hardenbergstraße 27, 17th Floor Zoofenster, Berlin 10623, Germany.
    Phone: +49 30 2045 8602

    Vienna Office

    Represented by IVAM,
    Gutheil Schoder Gasse 8-12, 1100 Vienna, Austria.
    Phone: +43 1 66 20 720

    © Copyright 2017 Westcore Europe | Website by Channel Digital | All Rights Reserved | Terms & Conditions | Legal
    • Careers
    • Home
    • About Us
    • Philosophy
    • Team
      • Alexandra Seybal
      • Carsten Beeretz
      • Corey Eagle
      • Daniel Barrington
      • David Wiebenga
      • Florent Deschepper
      • Ian Morgan
      • Ingo Bischof
      • Jan Bartelheimer
      • Johann Sebastian Kann
      • Marc Brutten
      • Matthew Bourke Costello
      • Nadine Schwoebel
      • Natalie East
      • Richard White
      • Robert Roethenmund
      • Sonja Donovan
      • Thomas Frankl
      • Virginie Goulette
    • Case Studies
    • Contact
    • Legal

    Westcore Europe

    We use our own and third party cookies. If you continue browsing we consider you accept the use of cookies.
    Accept