SWISSVILLE, a subsidiary held 100% by Swiss Life/Rentenanstalt, acquired the real estate portfolio of Oscar Weber Holding AG (OWH). The OWH real estate portfolio includes 39 properties that are mainly situated at extremely attractive downtown locations in various Swiss cities. This transaction makes SWISSVILLE the leading owner of retail trade properties in Switzerland.
By acquiring OWH AG's properties, SWISSVILLE was able to secure one of the most attractive real estate portfolios for retail trade in Switzerland. All of the 39 properties are situated at excellent downtown locations in a total of 23 cities throughout Switzerland. In particular the properties on Bahnhofstrasse, at Bellevue and at the Sihlporte in Zurich as well as on Gerbergasse in Basel and on Marktgasse in Bern should be mentioned. The properties have a total floor space of approximately 200 000 m2.
During the transaction, the EPA department store chain, formerly held by OWH, was released and a 100% stake was acquired by the Buhofer family. Secrecy was agreed upon with regard to the purchase price for the real estate portfolio and the details of the transaction. EPA will continue to be the most important renter of the newly acquired real estate portfolio.
Manfred Zobl, CEO of Swiss Life/Rentenanstalt, described it as "a unique stroke of luck to be able to acquire so many properties at such excellent locations. They will significantly strengthen our already extensive real estate portfolio."
Swiss Life/Rentenanstalt's real estate strategy
Swiss Life/Rentenanstalt manages assets of CHF 214 billion, of which real estate traditionally forms a substantial portion. With 45 000 rental objects including 23 000 apartments, Swiss Life/Rentenanstalt is currently one of the largest private real estate owners in Switzerland.
In addition and irrespective of this, Swiss Life/Rentenanstalt created four real estate companies under the name of SWISSVILLE in 2000, which are focussed on four specific real estate segments, namely
SWISSVILLE Commerce (commercial properties)
SWISSVILLE Private (apartment buildings)
SWISSVILLE Centers (shopping malls)
SWISSVILLE Europe (properties in Europe)
The total value of the real estate acquired for this company up to date equals more than CHF 2 billion.
By acquiring OWH AG's properties, SWISSVILLE was able to secure one of the most attractive real estate portfolios for retail trade in Switzerland. All of the 39 properties are situated at excellent downtown locations in a total of 23 cities throughout Switzerland. In particular the properties on Bahnhofstrasse, at Bellevue and at the Sihlporte in Zurich as well as on Gerbergasse in Basel and on Marktgasse in Bern should be mentioned. The properties have a total floor space of approximately 200 000 m2.
During the transaction, the EPA department store chain, formerly held by OWH, was released and a 100% stake was acquired by the Buhofer family. Secrecy was agreed upon with regard to the purchase price for the real estate portfolio and the details of the transaction. EPA will continue to be the most important renter of the newly acquired real estate portfolio.
Manfred Zobl, CEO of Swiss Life/Rentenanstalt, described it as "a unique stroke of luck to be able to acquire so many properties at such excellent locations. They will significantly strengthen our already extensive real estate portfolio."
Swiss Life/Rentenanstalt's real estate strategy
Swiss Life/Rentenanstalt manages assets of CHF 214 billion, of which real estate traditionally forms a substantial portion. With 45 000 rental objects including 23 000 apartments, Swiss Life/Rentenanstalt is currently one of the largest private real estate owners in Switzerland.
In addition and irrespective of this, Swiss Life/Rentenanstalt created four real estate companies under the name of SWISSVILLE in 2000, which are focussed on four specific real estate segments, namely
SWISSVILLE Commerce (commercial properties)
SWISSVILLE Private (apartment buildings)
SWISSVILLE Centers (shopping malls)
SWISSVILLE Europe (properties in Europe)
The total value of the real estate acquired for this company up to date equals more than CHF 2 billion.