Realstone fund buys in Geneva
The Realstone Development Fund has acquired three commercial buildings in Geneva for CHF 130 million.
According to the company, the real estate fund acquired a 24,050 sqm parcel at Chemin du Pavillon 2 in Grand-Saconnex at the end of November. The plot is developed with three commercial buildings with a total rental area of 22,590 sqm. There is additional development potential of over 7,000 sqm for further uses - in view of ongoing changes in the neighborhood planning.
The buildings are located in close proximity to Geneva International Airport, the train station and the highway.
JLL carried out the transaction for the seller; the purchase price amounts to approximately CHF 130 million, according to Realstone.
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