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