Sale of A&A Liegenschaften Schweiz to Pramerica Real Estate Investors (Property value: CHF 314m)
Swiss Capital Group advised shareholders of A&A Liegenschaften Schweiz
Sale of A&A Liegenschaften Schweiz to Pramerica Real Estate Investors (Property value: CHF 314m)
Sector(s) : Real estate
Date : May 2006
Advisor(s) : Swiss Capital
Advised : Sell Side
Mid-Capital partner Swiss Capital Group advised shareholders of A&A Liegenschaften Schweiz
Pramerica Real Estate Investors Ltd. (“Pramerica”), a London-based subsidiary of Prudential Securities of the U.S., has acquired 100% of the shares of A&A Liegenschaften Schweiz AG (“A&A”), a private Zurich-based property company.
The property portfolio of A&A consists of 15 assets with a gross lettable area of approximately 109,000 square meters and a book value of approximately CHF 314m (EUR 201m), as of 31 December 2005.
The diversified portfolio is spread across Switzerland with important investments in Zurich, Geneva and the economic area of Zug-Berne-Basle, comprising of office, retail and development properties.
Swiss Capital Group acted as sole financial advisor to the selling shareholders.
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