Swisscanto Anlagestiftung, advised by Swisscanto Invest, sold an office property with development potential in Steinhausen ZG to Creafonds AG for an undisclosed consideration. This strategic divestment will allow Swisscanto Anlagestiftung to further increase its focus on its core investment strategy.

Swisscanto Invest is the asset manager of the Cantonal Bank of Zurich and one of the country's leading providers of investment and pension solutions, with approximately CHF 200 billion in assets under management, of which approximately CHF 11 billion is invested in Swiss real estate. The firm offers its customers a tailored and comprehensive service portfolio in investment and pensions. Meanwhile, Swisscanto Anlagestiftung, which was established in 1973, is among the largest and most well-known investment foundation in Switzerland.

Baker McKenzie advised Swisscanto Anlagestiftung on all legal and tax aspects of this asset deal. The team was led by Samuel Marbacher (Partner, Zurich) and Charles Gschwind (Partner, Geneva/Zurich), and they were assisted by Susanne Liebel-Kotz (Tax Associate, Zurich).
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