Schroder ImmoPLUS secures a commercial property in Winterthur for around CHF 65 million

10/01/2018
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Schroder ImmoPLUS has today successfully concluded a transaction to acquire a commercial property in Winterthur with effect from 1st January 2018. The key details of the transaction are:

  • The acquisition of a fully let commercial property in Winterthur for CHF 65.1 million with an expected net yield of around 4.6% and an annual (net) rental income of CHF 3 million;
  • The tenant is the Swiss subsidiary of the listed Zimmer Biomet Holdings, Inc., one of the largest global providers of orthopaedic implants, with a remaining lease term of just under 10 years;
  • With this acquisition, the total value of the ImmoPLUS real estate portfolio will increase to around CHF 1.6 billion;
  • A capital increase is being considered for the long-term financing of this strategic acquisition. The volume will depend on market conditions and is expected to be in the range of CHF 100 to 135 million.

Schroder Real Estate

As a global, active asset manager, Schroders has managed a wide range of pan-European real estate products since 1971 and currently manages real estate assets (AuM) of around CHF 16 billion. More than 100 employees in six locations in Europe invest directly and indirectly and offer regionally and sectorally diversified funds with different risk-return profiles. In Switzerland, Schroders manages assets totalling over CHF 2 billion (Schroders as at 30.09.2017) with its "Schroder ImmoPLUS" fund and the investment group of the Zurich Investment Foundation "Immobilien Europa Direkt".

Further Information: 

Roger Hennig, Head Real Estate Switzerland / +41 (0) 44 250 12 91

Fabienne Tresch, Senior Marketing Specialist / +41 (0) 44 250 12 30

 

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