Swiss Prime Site Acquires Prime Geneva Office Property

Swiss Prime Site has acquired a landmark office property at "Place des Alpes" in Geneva, marking a significant addition to their portfolio. The property is centrally located near the main train station and offers an unobstructable lake view. It consists of a historic building and a modern extension, meeting high fit-out standards. SGS, the current occupant, will relocate to Swiss Prime Site’s "BLU BAAR" in Zug in 2025 under a new ten-year lease.

Swiss Prime Site plans to reposition the Geneva property as a multi-tenant building, aiming for rental income of CHF 3.5 million annually. The property meets high sustainability standards and will undergo brief conversion works to optimally re-let space by mid-2026. Initial talks with interested tenants are already underway.

This acquisition aligns with Swiss Prime Site's strategy to enhance its portfolio with centrally located, modern properties. It is the first step in their acquisition pipeline to achieve more than CHF 17 million in annual rental income by 2026.