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Rue Saint Pierre 6

Fribourg, Switzerland
  • Acquisition Type:
    Investment (CPV/CAP Pensionkasse Coop)
  • Acquisition Date:
    2011
  • Status:
    Sold 2013 (Zurich IMRE)
  • Project:
    City Centre
  • Building Age:
    1973
  • Size:
    6,677 sq.m.
  • Asset Class:
    Office/Retail/Leisure
Highlights
  • Former Coop department store
  • Substantial refurbishment program
  • Reconfiguration of ground floor and basement areas to provide a new restaurant and separate bowling operation
  • Increased gross income by 60% and and weighted average lease term to 11 years
  • 5-year business plan concluded 18 months ahead of schedule
  • Sold to Institutional Investor 2013