UBS AST-KIS invests in Steinach
The UBS AST-KIS investment group acquired a commercial property in Steinach via a sale and leaseback transaction.
A sale and leaseback transaction for a commercial property in the commercial hub of Steinach (SG) has been concluded for the Commercial Real Estate Switzerland investment group of the UBS Investment Foundation (UBS AST-KIS) as of the end of March 2022, UBS says. The seller, a global company in the electronics sector, is leasing the property back under a triple-net lease for 15 years, with renewal options available.
The well-maintained commercial property was built in 1989 and extended in 2009 by an annex with a majority of office use, the statement continues. The investment is the 42nd property of the investment group. (ah)
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