Swiss property company Züblin Immobilien said on Monday that it has sold a logistics centre in Zürich's business district Oerlikon as well as an office property in Pully. The two assets were sold to different buyers and together generated net proceeds after taxes and transaction costs of CHF 52mln (EUR 32mln).
Swiss property company Züblin Immobilien said on Monday that it has sold a logistics centre in Zürich's business district Oerlikon as well as an office property in Pully. The two assets were sold to different buyers and together generated net proceeds after taxes and transaction costs of CHF 52mln (EUR 32mln).
Net gains after taxes come to CHF 3.3mln, the company said, representing a 6.8% premium on the market value of the assets. Züblin Group, which invests in existing commercial properties across Europe, owns a portfolio of 86 properties worth CHF 2bn.
