Union Investment sells its property "Fifty-One" in Zurich-West
On December 1, 2023, the international real estate company Union Investment with headquarters in Hamburg, announced the sale of its "Fifty-One" property to Swiss Prime Site. The Fifty-One property is a top modern office building located in close vicinity of the Prime Tower and SPS' development project Maaglive. The Fifty-One meets highest sustainability standards, is LEED Gold certified, has around 21'000 m2 of usable area for around 1'500 office places and generates annual rent income of around CHF 7 million.
Lenz & Staehelin advised Union Investment in this transaction. The team included Beat Kühni, Stephanie Buschta and Flavia Lanz (all Real Estate).