Private investment manager Partners Group has invested in the development of Skylab, a 22,500 m2 high-tech office building in the Plan-les-Ouates business park in Geneva, Switzerland.
Private investment manager Partners Group has invested in the development of Skylab, a 22,500 m2 high-tech office building in the Plan-les-Ouates business park in Geneva, Switzerland.
Skylab is located next to the Bluebox building and replicates its construction and target market, with completion planned for summer 2015.
The scheme will offer 22,500 m2 of Grade A office accommodation over five floors including parking, an onsite nursery and restaurant. The asset is targeting a BREEAM excellent environmental rating.
'The small number of competing offerings in the vicinity and limited future pipeline, coupled with the trend of occupiers moving away from Geneva city centre mean that this opportunity offers compelling risk-adjusted returns,' said Thomas Müller, a senior investment manager in the private real estate team at Partners Group.
Partners Group is a global private investment management firm with over €30 bn in investment programmes under management in private equity, private real estate, private infrastructure and private debt. The firm is headquartered in Zug, Switzerland and has European offices in London, Guernsey, Paris, Luxembourg, Milan, and Munich.
