Baker McKenzie Switzerland AG advised a real estate developer on the successful sale of parts of its Swiss real estate portfolio. The 16 residential properties sold, with a total of 844 apartments, were located in sought-after locations in the Swiss Mittelland and Ostschweiz regions, including the cantons of Aargau, Basel-Land, Berne, St. Gallen, Solothurn, Thurgau and Zurich. The portfolio included one stand-alone car park.
The properties were recently constructed and are distinguished by their high environmental standards. All the residential properties have highly insulated facades, thermally insulated windows and, in some cases, photovoltaic systems or heating pumps. Most of the properties have been awarded the Minergie© Standard, underscoring their environmental and energy efficiency credentials.
The transaction offered a rare opportunity to acquire a large-volume, diversified residential portfolio with high-quality locations and almost full occupancy rates. The sale was executed in four distinct phases, with each phase covering separate regionally defined sub portfolios and properties. The properties were sold as sub-portfolios and individually to various parties within the framework of a two-stage auction process.
This real estate transaction is one of the largest coordinated sales of residential properties in recent years.
Baker McKenzie advised the real estate developer on all legal and tax aspects of the transaction.
Real estate Partner Samuel Marbacher led the team, which consisted of Partner Susanne Liebel-Kotz (tax), Associates Zarina Füglister (real estate) and René Kühn (M&A and real estate), as well as trainee lawyers Nicole Christ, Sebastian Regez and Soroush Moradi.
The properties were recently constructed and are distinguished by their high environmental standards. All the residential properties have highly insulated facades, thermally insulated windows and, in some cases, photovoltaic systems or heating pumps. Most of the properties have been awarded the Minergie© Standard, underscoring their environmental and energy efficiency credentials.
The transaction offered a rare opportunity to acquire a large-volume, diversified residential portfolio with high-quality locations and almost full occupancy rates. The sale was executed in four distinct phases, with each phase covering separate regionally defined sub portfolios and properties. The properties were sold as sub-portfolios and individually to various parties within the framework of a two-stage auction process.
This real estate transaction is one of the largest coordinated sales of residential properties in recent years.
Baker McKenzie advised the real estate developer on all legal and tax aspects of the transaction.
Real estate Partner Samuel Marbacher led the team, which consisted of Partner Susanne Liebel-Kotz (tax), Associates Zarina Füglister (real estate) and René Kühn (M&A and real estate), as well as trainee lawyers Nicole Christ, Sebastian Regez and Soroush Moradi.
Explore Our Newsroom