Baker McKenzie Switzerland advised Zug Estates Holding AG on the acquisition of 100% of the shares of Renggli Holding AG, domiciled in Zug. Renggli Holding AG is the indirect owner of a real estate portfolio valued at approximately CHF 110 million with 12 properties located in or around Zug and Rotkreuz (both in the canton of Zug), including a development area of more than 19,000 square meters. Its annual rent income exceeds CHF 2.6 million.
Renggli Holding AG's properties are an excellent addition to Zug Estates Holding AG's portfolio, which is focused on central and well-developed locations in the canton of Zug. In particular, the acquired site in Rotkreuz offers attractive development potential.
The Zug Estates Group designs, develops, markets and manages properties in the Zug region. The total value of the portfolio as of 30 June 2022 was CHF 1.71 billion. Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich (ticker symbol ZUGN, security number 14 805 212).
Baker McKenzie advised Zug Estates Holding AG on all legal and tax aspects of the transaction.
The Baker McKenzie team was led by Alexander Wyss (partner, real estate transactions) and Mario Kumschick (counsel, tax), together with Matthias Courvoisier (partner, capital markets), Michael Zeller (associate, real estate transactions), Andrea Bolliger (counsel, tax), Fabian Greutert (associate, tax), Zarina Füglister (associate, real estate transactions) Christophe Reitze (associate, real estate transactions), Andreas Becker (associate, employment), Hesam Mirzai (associate, real estate transactions) and Felix Maier (trainee lawyer).