Hansjörg Wyss buys Charles Vögele branches
According to a report in the "Handelszeitung", industrialist Hansjörg Wyss is investing in Swiss real estate on a grand scale. Most of these properties contain branches of the fashion chain Charles Vögele.
According to entries in the land registry offices, Hansjörg Wyss has purchased 15 properties in central locations through his family office Loreda. The transaction price is according to the report of the Handelszeitung according to the report, at CHF 169 million.
The sellers of the properties are the new owners of the fashion retailer Charles Vögele, the Italian group OVS and the investors Aspen Trust and Retails Investment. According to the newspaper report, the real estate purchased by Wyss houses Charles Vögele stores, including the Charles Vögele flagship store on Sihlstrasse in Zurich. But commercial buildings and the Casino Theater in Locarno are also in the acquired portfolio.
Wyss' portfolio is already worth half a billion CHF
A representative of Hansjörg Wyss confirms that Loreda has acquired part of the Charles Vögele real estate portfolio. As the Handelszeitung citing insider information, Wyss is currently building up a significant real estate portfolio in Switzerland. This is now said to comprise properties worth half a billion CHF. These include multi-family houses and commercial buildings.
Five years ago, the Bernese industrialist Hansjörg Wyss sold his medical company Synthes to the US group Johnson & Johnson and realized CHF 21 billion.
