Lenz & Staehelin advises Union Investment on Westpark’s sale
Union Investment, the international real estate company with headquarters in Hamburg, has closed the sale of its multi-tenant property «Westpark» located in Zurich-West to PSP Real Estate, a subsidiary of PSP Swiss Property, for CHF 216.5 million.
The multi-tenant office building is located in the Zurich West submarket, a former industrial zone that has been transformed into an attractive, modern residential and office location in recent years. With its distinctive contemporary architecture, West-Park is a highly visible property. The building offers around 27,100 sq m of rental space and 130 parking spaces.
Lenz & Staehelin advised Union Investment in this transaction. The team included partner Beat Kühni (pictured), associate Stephanie Buschta and Sebastian Ritz (all real estate).
Baker McKenzie Switzerland has advised PSP Swiss Property on all legal and tax aspects of the acquisition. The team was led by Samuel Marbacher (partner, real estate, pictured below) and consisted of Zarina Fueglister (associate, real estate), Susanne Liebel-Kotz and Alexandra Garg (associates, tax), Christoph Stutz (partner, employment), Kaspar Projer (associate, disputes), Felix Maier, Matteo Ritzinger, Larissa Di Feo, Gwendolyn Lins, Ariana Birrer, Pascal Dorier and Harun Cetin (trainee lawyers).
