Bär & Karrer advises Intershop on “AuPark” sale to Swiss Life

Intershop has sold the development property “AuPark” in Wädenswil to Swiss Life last19 August 2022 for a purchase price of CHF 190 million. A development with five residential and commercial buildings and around 230 apartments is planned on the site. The building permit for the project has already been granted. In addition, the Canton of Zurich is planning to build a new cantonal school on the neighbouring plot.

Intershop acquired the “AuPark” in 2001 and initially continued to operate it as an industrial and commercial property. After more than ten years of project planning, the design plan became legally valid in the summer of 2020.

Bär & Karrer has provided legal and tax advice to Intershop on this transaction. The team included partner Corrado Rampini (pictured) and Kilian Müller, both real estate, as well as Cyrill Diefenbacher and Elena Kumashova (both tax).