Value-add real estate investor Stone Estate Swiss has acquired Credit Suisse’s CHF235m (€212m) real estate leasing portfolio.
Stone Estate said it has bought the economic interest in leasing portfolio on behalf of a private investor.
The portfolio is secured by seven fully-let commercial properties with a total lettable area of 71,600sqm, located in Aargau, Geneva, Neuchatel, Ticino and Vaud.
Fabian Godbersen, CEO and CIO of Stone Estate, said: “This deal presented us with a unique set of challenges and complexities. However, with the help of all the parties involved, we were able to transform such challenges into an exceptional set of opportunities with a high-quality portfolio.
“This deal is of strategic importance to Stone Estate, and we look forward to expanding our mark on the Swiss Real Estate landscape as a leading value-add specialist.”
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