J. Safra Sarasin acquires real estate property from BNP Paribas (Suisse)

The banking group J. Safra Sarasin, sustainable private bank, has acquired the 15,000 sqm landmark real property located at Place de Hollande in Geneva from BNP Paribas (Suisse) for an amount of approximately CHF 270 million in a sale and leaseback transaction. The acquisition was completed through Place de Hollande, Geneva, a company controlled by banking group J. Safra Sarasin.

The J. Safra Sarasin group was advised by Walder Wyss on all corporate and financing aspects of the transaction. The team was led by Patrick W. Vogel (partner, banking and corporate/m&a, pictured) and further included Hubertus Hillerström (partner, banking & finance), Ken Savioz (associate, banking & finance), Valentine Schnyder (associate, banking & finance) and Alexander Sorton (associate, corporate/m&a).

For further details on this transaction click here