Wineus advised Mr. Olivier Plan and Immosynergies on the sale of a CHF 400 million real estate portfolio to Allreal
The transaction includes Mr. Olivier Plan’s and Immosynergies Holding Sàrl’s sale of a portfolio of 20 investment properties worth around CHF 500 million and four development properties totalling around CHF 210 million, all in prime locations in the cantons of Geneva and Vaud. The targeted annual rental income for the acquired investment properties amounts to more than CHF 15 million. The net purchase price for the transaction amounted to some CHF 400 million. The development projects provide long-term growth potential in the region over several years and are being developed and implemented by Immosynergies’ general contractor Roof SA, which has also been sold to Allreal. The transaction has been closed mid-October 2021.
As a result of the transaction, Mr. Olivier Plan has become one of the major shareholders of Allreal. Mr. Olivier Plan is a long-term oriented investor and as such convinced of the strategic orientation of the group, which he will actively support with the expansion of its activities in the French speaking part of Switzerland.
Mr. Olivier Plan will continue to lead the operational management of the activities in French-speaking Switzerland during a transitional period in order to ensure continuity and stability of the business. Allreal will continue to benefit from the outstanding know-how and extensive network of the entire management team, securing new growth opportunities in the French-speaking Swiss real estate market.
Allreal is a leading Swiss real estate company with a reputation as an expert in portfolio, technical and commercial management of its own investment properties.
Wineus has advised Mr. Olivier Plan and Immosynergies during the entire transaction process as lead advisor.
