Munich-based UBS Real Estate Kapitalanlagegesellschaft has sold two office properties located at Zurich Airport to insurance group Swiss Life. The transaction volume of CFH 136 mln (EUR 90 mln) was 16% higher than the latest appraisal value for the properties.
Munich-based UBS Real Estate Kapitalanlagegesellschaft has sold two office properties located at Zurich Airport to insurance group Swiss Life. The transaction volume of CFH 136 mln (EUR 90 mln) was 16% higher than the latest appraisal value for the properties.
The Alpha/Bravo and Charly buildings were owned by the UBS (D) Euroinvest Immobilien open-ended real estate investment fund. They are located at Obstgartenstraße 25/29 and offer a total of 27,000 m2 of office space and 580 parking spaces.
In early November UBS Euroinvest fund added two new buildings to its portfolio with the completion and delivery by French builder Nexity of the Kibo and Vinson office properties near Barcelona. The assets offer some 20,000 m2 in the Vallsolana Garden business park project in Sant Cugat del Vallès.
