Reichle Immobilien AG successfully sold the iconic Cube building and the high rack warehouse (Hochregallager) in the municipal of Wetzikon, Switzerland. The Cube is one of the most sustainable commercial properties in Switzerland. Built as a low-energy building it is fully independent from oil and gas.
Under the asymmetrical sale and lease back the seller‘s affiliate, Reichle & De-Massari AG, entered into a long-term triple-net lease agreement for the Cube building for its own operation on site. Under this special set-up both the interest of the seller and buyer as well as of the long-term tenant had to be aligned.
Reichle Immobilien AG is a family owned real estate holding and real estate management company. Reichle & De-Massari AG is a globally active family owned company that develops and produces connecting technology for communications networks, such as fiber optic distributors, patch panels and computer connection modules.
Baker McKenzie advised Reichle Immobilien AG on all legal aspects of this sale. The Baker McKenzie team consisted of Samuel Marbacher (Partner Zurich) and Daniel Kälin (Associate Zurich).