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

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