Real Estate Switzerland Intelligent solutions for Real Estate and Real Estate products.
This new construction project consists of a modern commercial building with usable space of 8,674m2 and 132 parking spaces, which will be ready for occupancy in August 2008. The rental agreement with Implenia AG was concluded for a period of ten years with an option to extend it for another ten years. Implenia, which was formed following the merger of the two Swiss construction firms Zschokke and Batigroup in 2005, is the leading provider of construction services in Switzerland.
Onex is located very near the centre of Geneva. The UBS "Swissreal" property offers easy access to the motorway and also has excellent links to public transportation. The investment costs are approximately CHF 37m, and the gross yield is expected to be around 6.2%.