Industry 22
Zurich, Switzerland
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Acquisition Type:Sale leaseback (Siemens)
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Acquisition Date:2013
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Status:Sold 2018
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Project:4 buildings
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Building Age:1971-1994
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Size:27,000 sq.m.
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Asset Class:Industrial/Production/Logistics/Office
Highlights
- Sale and leaseback of 75% of manufacturing and production facility reducing to 25% over 2 years
- Multi-million CHF refurbishment to allow for multi-occupaition, including new retail uses
- Full regulatory fire security compliance
- Development of additional land parcel for retail use
- Leasing to 80% occupancy
- Extensive branding and marketing exercise
