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Rue Saint Pierre 6
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
Return:
> 30% IRR
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
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A growing footprint across Europe
London office
42 St James’s Place,
London, UK
Geneva office
Rue des Voisins 17,
Geneva, Switzerland
Berlin office
Hardenbergstraße 27, 17th Fl
Zoofenster, Berlin, Germany
Vienna office
Gutheil Schoder Gasse 8-12,
Vienna, Austria
Amsterdam office
Raamplein 1, 1016 XK Amsterdam, Netherlands
Get in touch
Phone:
+44 20 3841 8602
Email:
*protected email*
42 St James’s Place,
London,
SW1A 1NS,
United Kingdom
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