Baker McKenzie advises Zug Estates on the acquisitionof Renggli
Baker McKenzie Switzerland advised Zug Estates Holding on the acquisition of 100% of the shares of Renggli Holding, domiciled in Zug. Renggli Holding is the indirect owner of a real estate portfolio valued at approximately CHF 110 million with 12 properties located in or around Zug and Rotkreuz (both in the canton of Zug), including a development area of more than 19,000 square meters. Its annual rent income exceeds CHF 2.6 million.
Renggli Holding’s properties are an excellent addition to Zug Estates Holding’s portfolio, which is focused on central and well-developed locations in the canton of Zug.
Listed in the SIX Swiss Exchange, Zug Estates Group designs, develops, markets and manages properties in the Zug region. The total value of the portfolio as of 30 June 2022 was CHF 1.71 billion.
Baker McKenzie advised Zug Estates Holding on all legal and tax aspects of the transaction. The team was led by partner Alexander Wyss (real estate transactions, pictured left) and Mario Kumschick (counsel, tax, pictured right), together with Matthias Courvoisier (partner, capital markets), Michael Zeller (associate, real estate transactions), Andrea Bolliger (counsel, tax), Fabian Greutert (associate, tax), Zarina Füglister (associate, real estate transactions) Christophe Reitze (associate, real estate transactions), Andreas Becker (associate, employment), Hesam Mirzai (associate, real estate transactions) and Felix Maier (trainee lawyer).