Union Investment has successfully sold the logistics property at Industriestrasse 11 in Oftringen, Switzerland. The buyer is a Swiss property fund from UBS Asset Management. The purchase price is higher than the most recent Expert value.
The logistics property, which comprises around 31,155 square metres of rental space and was built in 2008, was acquired by Union Investment in 2013 for the portfolio of the institutional mutual fund UniInstitutional European Real Estate and was fully let to the logistics company Fiege throughout the entire portfolio phase.
Source: realestate.union-investment.com on the 3rd of January, 2024
https://realestate.union-investment.com/en_GB/media-center/press-releases/sale-logistics-oftringen-switzerland