Wädenswil: New owner for Frutarom site
The flavor and fragrance manufacturer Frutarom has sold its entire production site in Wädenswil (ZH) to a project developer. Engel & Völkers Commercial Zurich acted as agent.
In the transaction, a developed property including extensive production facilities with an area of around 26,000 sqm changed hands. The new owner is a Zurich-based project developer specializing in industrial and commercial space, says Engel & Völkers Commercial, without disclosing the name of the company. Initially, an interim use is planned, and a new project is to be initiated at the site in the next three to four years.
The seller, the listed Frutarom, headquartered in Tel Aviv, abandoned the production site in Wädenswil this summer. Engel & Völkers said it won the nine-month exclusive mandate for the sale in a pitch against a competitor. (ah)
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