Mont Blanc Plaza
Vaud, Switzerland
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Acquisition Type:Sale & Leaseback (Philips)
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Acquisition Date:2007
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Status:Sold
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Project:Production & Office Campus
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Building Age:1982
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Size:6,900 sq.m.
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Asset Class:Industrial/Production/Logistics/Office
Highlights
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Partial sale and lease back of 15% of the property to the seller
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Successful subdivision of areas to fit needs of local tenants
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Total investment of CHF 2m into Capex and Tenant Improvement works
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Increased Occupancy from 60% to 100%
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Stabilised income increased by 50% and weighted average lease term increased from 3 to 5 years
