CMS has advised Asga Pensionskassen Genossenschaft and Swiss Prime Anlagestiftung on the acquisition of a notable commercial and residential property in Florissant, Geneva, for a consideration of CHF 197 million.
Swiss Prime Investment Foundation was founded in 2015 by Swiss Prime Site Group, the largest listed real estate company in Switzerland, which is a foundation and headquartered in Olten. From the other side, ASGA Pensionskasse Genossenschaft is an independent occupational pension plan provider for the employees within Trade, commerce and industry services sector and their relatives against the economic consequences of old age, disability and death.
The CMS has acted as counsel to the buyer on the acquisition. The Geneva team was led by real estate partner Sidonie Morvan with the assistance of counsel David Hofmann, and associates Delphine Di Nolfi and Maxence Carron.