News & Publications

News

Deals & Cases

Acquisition of the Uetlihof Office Complex from Credit Suisse AG for CHF 1 billion

10 December 2012 – Walder Wyss assisted the buyer in relation to the acquisition of this landmark real estate property in Zurich from Credit Suisse AG in a sale-lease-back transaction through the buyer’s Luxembourg platform. Credit Suisse AG will lease the property for 25 years and has the option to extend the lease by as many as 15 years. Uetlihof, located about 3 kilometres southwest of Zurich’s city centre, is Credit Suisse’s main office building worldwide. Credit Suisse AG will have operational responsibility for Uetlihof during the fixed lease period. The office complex has more than 8,000 workspaces, as well as a precious metal vault and data centre. It consists of 173,807 square metres of lettable space. This acquisition is one of the largest single real estate asset acquisitions ever made in Switzerland.

Walder Wyss advised the buyer on all aspects of the transaction including overall legal and tax structuring, legal due diligence, documentation and VAT.

The Walder Wyss team was led by Johannes A. Bürgi (Partner, Real Estate & Finance) and included Thomas Müller-Tschumi (Partner, Real Estate), Thomas Meister (Partner, Tax), Jan Ole Luuk (Counsel, Tax), Elisabeth Moskric (Counsel, Real Estate), Gisela Oliver (Associate, Real Estate), David Borer (Associate, Real Estate) and Peter Hongler (Associate, Tax).

Technically necessary cookies

Essential technical cookies are necessary for the flawless functioning of our website and cannot be disabled.
Cookies for statistics

Analytical cookies enable us to count visits and traffic sources, allowing us to measure and enhance the performance of our website. They assist us in answering questions such as which pages are the most popular, which are the least used, and how visitors navigate the website. All information collected by these cookies is aggregated and therefore anonymous.
Marketing cookies may be set by our advertising partners on our website. These companies can use them to create a profile of your interests and display relevant advertisements on other websites. They operate by uniquely identifying your browser and device. By activating these cookies, you acknowledge and consent to the information collected by such cookies being sent to providers outside of Switzerland and the EU, including countries with (from the perspective of Swiss data protection law) inadequate data protection (e.g., the United States, Singapore, and Taiwan). You also acknowledge that data transmitted abroad is no longer protected by Swiss law, and foreign laws as well as regulatory orders may require the disclosure of this data to authorities and other third parties.

Marketing cookies may be set by our advertising partners on our website. These companies can use them to create a profile of your interests and display relevant advertisements on other websites. They operate by uniquely identifying your browser and device. By activating these cookies, you acknowledge and consent to the information collected by such cookies being sent to providers outside of Switzerland and the EU, including countries with (from the perspective of Swiss data protection law) inadequate data protection (e.g., the United States, Singapore, and Taiwan). You also acknowledge that data transmitted abroad is no longer protected by Swiss law, and foreign laws as well as regulatory orders may require the disclosure of this data to authorities and other third parties.