Baker McKenzie advised PSP Swiss Property on the acquisition of the prime office property "Westpark" at Pfingstweidstrasse 60 in Zurich-West for CHF 216.5 million. The net-rent yield (Nettorendite) amounts to 4%. The building contains a usable floor space of approx. 27,100 square meters and 130 parking spaces.
Given the excellent ESG rating of the building, the property will be added to PSP Swiss Property's Green-Asset-Portfolio.
Baker McKenzie Switzerland advised PSP Swiss Property on all legal and tax aspects of the acquisition.
Samuel Marbacher (partner, Real Estate) led the Baker McKenzie team, which consisted of Zarina Fueglister (associate, Real Estate), Susanne Liebel-Kotz and Alexandra Garg (associates, Tax), Christoph Stutz (partner, Employment),
Kaspar Projer (associate, Disputes), Felix Maier, Matteo Ritzinger, Larissa Di Feo, Gwendolyn Lins, Ariana Birrer, Pascal Dorier and Harun Cetin (trainee lawyers).
