Stoneweg, the real estate investment adviser and asset manager with operations and capabilities across Europe and the United States, has acquired a 48,000 sqm logistics asset in the canton of Solothurn, in northern Switzerland, in a sale and leaseback transaction from Meier Tobler Group AG (“Meier Tobler”), the Swiss listed building technology company, on behalf of its Varia Swiss Realtech strategy.
The three storey logistics centre has flexible usage capabilities and was formerly used as a main distribution centre for the Swiss postal service. Meier Tobler has fully let the site until December 2023, after which Stoneweg will undertake extensive renovation works before re-leasing to a new single tenant or multiple tenants, maximising the income potential of the real estate. The asset is situated in a prime location for logistics in the triangle between Bern, Zürich, and Basel, only 15 minutes away from intersections for the A1 and A2 motorways and close to the boarders of France and Germany.
Varia Swiss Realtech Properties AG (“VSRP”) was launched in 2017 by Stoneweg and Decalia Asset Management (“Decalia”) and invests exclusively in Swiss commercial real estate assets and projects that leverage opportunities that are immune to or benefit from the digital economy. Those so-called Realtech sectors include logistics and industrial; healthcare; education and entertainment; sport and wellness; co-working; and food and beverage. The vehicle currently has 7 assets under management across Switzerland and a total portfolio value of CHF 236.5 million.
VSRP also recently acquired a newly built, 18,720 sqm logistics asset near Geneva, which is let on long leases to first class tenants including the Fondation de la Haute Horlogerie and the Campus Genevois de Haute Horlogerie; two prestigious organisations that celebrate and promote Swiss watchmaking around the world.
Stoneweg is a real estate investment adviser and asset manager established in 2015 and headquartered in Geneva, Switzerland.
To date, Stoneweg has executed and advised on over €4 billion of real estate investments across different sectors including developments. Stoneweg expertise includes both equity and debt strategies, advising its client base of financial institutions and family offices across a range of structures including club deals, joint ventures, co-investments and funds.
Stoneweg has dedicated presence in Switzerland, the United States, Spain, Italy, Andorra and Ireland, enabling many of the operational aspects of the firm’s investments to be carried out in house and locally.
Stoneweg has completed more than 270 acquisitions alongside best-in-class partners since 2015.
Source : Company