Baker McKenzie has advised Swisscanto Anlagestiftung on its acquisition of a real estate portfolio consisting of nine properties located in the cantons of Bern, Zurich, St. Gallen and Aargau.
The acquisition was conducted as a contribution in kind from another investment foundation (Anlagestiftung) to the investment group Swisscanto AST Immobilien Responsible Schweiz under the regime of an asset transfer under the Swiss Merger Act (Vermögensübertragung). This was one of the first assets transfers (Sacheinlage) of a real estate portfolio conducted from one investment foundation to another.
Swisscanto is a provider of a wide range of innovative, high-performance, sustainable funds and pension products with asset management made in Switzerland.
Baker McKenzie Switzerland has advised Swisscanto Anlagestiftung on all legal and tax aspects of the acquisition. The team was led by partner Samuel Marbacher (real estate, pictured) and consisted of Mario Kumschick (counsel, tax), Michael Zeller, Zarina Fueglister and Jasmin Voegtli (associates, real estate) and Felix Maier, Hayley Ryerson, Anja Keller and Gwendolyn Lins (trainee lawyers).