Club Estate Prime Selection (Luxembourg), on behalf of several family offices, has agreed to acquire an attractive office property in an off-market transaction in Zurich, Switzerland. The modern and versatile building has 11.300 m2 of office space, 7.300 m2 of logistics and storage space, as well as 245 indoor parking spaces.
The building offers substantial upside potential. The value creation initiative will include refurbishments and re-letting at market rents as well as targeted capex initiatives to upgrade facilities with a strong focus on ESG enhancements.
Dr. Marcus Sasse, Founder and Managing Partner of Club Estate, says:
“This acquisition is another prime example of how Club Estate creates value for family offices and other professional investors. In the current challenging investment environment, off-market asset access to deals, entry at an attractive acquisition price and collaboration with best-in-class local operating partners are key to achieve superior risk-adjusted returns for our investors. Our unique Club Estate approach enables our clients to either gain direct exposure to single assets through co-investments fitting within their overall real estate allocation, or to invest via our diversified Club Estate Prime Selection (Lux) Fund. In addition, the Club Estate Real Estate Fund platform offers asset owners the option to capitalize on their current assets through contribution in kind and subsequent syndication.”
Club Estate would like to thank our local partners Quantus Real Estate, Emch + Berger, NKF, Raiffeisen and RSM for their support on this transaction.