PSP Swiss Property AG

Regulatory Filings • Apr 1, 2022

News Details

Corporate | 1 April 2022 09:34

PSP Swiss Property buys prime property in CBD Geneva

PSP Swiss Property AG / Key word(s): Real Estate

01.04.2022 / 09:34

Property News

April 1 st , 2022

In order to further optimise its real estate portfolio, PSP Swiss Property has purchased a prime property and has sold a development project in Geneva.

Retroactively as per January 1 st 2022, PSP Swiss Property has acquired the prime commercial property located at Place de la Synagogue 3-5 & Rue Jean-Petitot 4-6 in Geneva for CHF 64 million. This prestigious property has around 2’700 m 2 of usable space, 75% of which is mainly used for offices (the remaining space is used for retail, gastronomy, a gym and storage). The property is fully let in the medium to long term, with the main tenant being the IWG-brand «Signature», a coworking operator.

In addition, the slightly peripheral development project at 54-58 Rue du Grand-Pré was sold for CHF 60.5 million as of 30 March 2022.

The two transactions have no immediate impact on the Ebitda and vacancy forecast published in the FY21 release on February 22 nd 2022. On May 3 rd 2022, the Q1-2022 results will be published with the usual financial information.

Property acquired: Geneva, Place de la Synagogue 3-5 & Rue Jean-Petitot 4-6

Further information

Sam Schwarz, Transactions & Portfolio Steering · Phone +41 (0)44 625 55 77 · Mobile +41 (0)79 137 93 49

Vasco Cecchini, CCO & Head IR · Phone +41 (0)44 625 57 23 · Mobile +41 (0)79 650 84 32

PSP Swiss Property – leading Swiss real estate company

PSP Swiss Property owns a real estate portfolio of CHF 9.1 billion in Switzerland’s main economic areas; its market capitalisation amounts to CHF 5.6 billion. The 98 employees are based in Basel, Geneva, Zug and Zurich.

PSP Swiss Property has been listed on the SIX Swiss Exchange since March 2020 (symbol: PSPN, security number: 1829415, ISIN CH0018294154).

None of the information in this press release constitutes an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. None of the securities of the Company referred to in this press release have been or will be registered under the United States Securities Act of 1933, as amended (the ‘Securities Act’), or under the applicable securities laws of any state or other jurisdiction of the United States.

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Language:	English
Company:	PSP Swiss Property AG
	Kolinplatz 2
	6300 Zug
	Switzerland
Phone:	+41417280404
Fax:	+41417280409
E-mail:	info@psp.info
Internet:	www.psp.info
ISIN:	CH0018294154
Valor:	1829415
Listed:	SIX Swiss Exchange
EQS News ID:	1317973

End of News	EQS News Service