The representative, modern office property has a leasable floor space of approximately 27’100 sqm and 130 parking spaces. The building generates an attractive net yield of 4 percent and has both rental and development potential in the medium to longer term. The tenant mix is broadly diversified with various tenants with strong credit ratings.
The building’s sustainability profile is also very good: the “Westpark” is certified “BREEAM – excellent” as a building and “BREEAM – very good” in operation. In Wüest Partner’s ESG rating, the building achieves an excellent score of 3.9. The property will be included in our green asset portfolio.
In addition, as part of the portfolio optimisation, a development parcel on the former brewery site in Wädenswil was sold for €222,8million on 25 May 2023.
The acquisition has an impact on the ebitda guidance published on 21 February 2023.
