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.

The team

The Baker McKenzie team was led by Samuel Marbacher (Partner, Zurich – pictured left) and Martin Furrer (Partner, Zurich – pictured right) and included Charles Gschwind (Senior Associate, Zurich/Geneva), Olivier Ducrey (Partner, Geneva), Basil Kirby (Associate, Zurich), Ramon Tissafi (Associate, Zurich), Susanne Liebel-Kotz (Associate, Zurich), Nathan Bouvier (Associate, Zurich/Geneva), Pascal Dorier (Trainee Lawyer, Zurich), René Kühn (Trainee Lawyer, Zurich), Vilma Faivre (Trainee Lawyer, Geneva) and Amal Ali (Trainee Lawyer, Geneva).

The structuring and brokerage of this transaction was managed by JLL with a broad team led by Lars Frölich, Andrea Fuhrer and Jan Eckert.

As previously reported by Legalcommunity.ch, Cms advised Deka on the acquisition of Pictet’s headquarters in Geneva.