Union Investment has sold the Fifty-One office building in Zurich on behalf of open-ended real estate fund Unilmmo: Europa. The buyer is Swiss Prime Site, Switzerland’s biggest listed real estate company.
Fifty-One is located in the Zurich West submarket, a former industrial zone that has been transformed into an attractive, modern residential and office location in recent years. Completed in 2011, the property at Pfingstweidstraße 51 was acquired by Union Investment for the fund in 2009 as a development project. The building offers some 21,000 square metres of rental space with 88 parking spaces and is fully let to Swisscom Immobilien AG.
Press release: press release received on 1 December 2023.