Pictet sells and leases back its global headquarter in Geneva: the advisors
Pictet successfully sold its iconic global headquarter building in the Acacias district of Geneva to Deka Immobilien in a sale and lease back transaction for a record consideration. The transaction was signed in December 2020 and closed on 1 March 2021 following the completion of the regulatory process by local authorities. Baker McKenzie advised Pictet on all legal and tax aspects of the transaction.
This strategic deal is one of the largest ever private single-asset real estate transactions in French-speaking Switzerland and is closely linked to Pictet’s planned expansion of its headquarter footprint with the nearby construction of the “Campus Pictet de Rochemont” building scheduled for 2025.