Real Estate M&A

In July 2005 UBS Real Estate M&A was commissioned of C&A Mode Brenninkmeijer & Co. (C&A) to prepare the sale and find investors for its new distribution warehouse in Buchs (AG).

Based on a steel construction on several parcels of land comprising approx. 40'000 m2, new office and storage space with an overall surface of 80'000 m2 was to be built in cooperation with the total contractor Hauser Rutishauser Suter AG (HRS). After the completion of the constructions C&A enters into a long-term "triple-net" lease agreement.

The challenge lay in the complex interaction between the construction objectives which were not backed up by a building permission at the time being and the balancing of tenants', investors' and the total contractor's interests. Furthermore, a competitive structure had to be established with a limited number of investors. Finally, in July 2006 the main agreements could be signed and the transfer of ownership took place in August 2006.