Swisscanto buys industrial park for CHF 70m

By A staff reporter 2011-05-03T00:00:00

Swisscanto, the Zurich-based joint venture of Cantonal Banks for investment and pension services, said it has acquired the Altenrhein industrial park near St. Gallen from TMW Pramerica Property Investment, the German arm of Pramerica Real Estate Investors, for around CHF 70 mln (EUR 55 mln).

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