DBS Group enters into Partnership with Intercity Group
7 June 2021 – DBS Group, the Swiss subsidiary of the French Foncia Group entered into a strategic partnership with real estate services company Intercity Group Holding AG for their property management activities under the new brand IntercityGribi.
Within the framework of this partnership, DBS Group, which acquired real estate service provider Gribi two years ago, has assumed 50% of the shares in Intercity Bewirtschaftung AG, Intercity Group's property management company. With this partnership, the combined IntercityGribi brand emerges as one of the leading property management companies in German-speaking Switzerland. In the future, DBS Group and Intercity Group will combine their experience in property management. The existing branch offices of Gribi Bewirtschaftung and Intercity Bewirtschaftung will operate as "pure players" under the IntercityGribi brand.
Walder Wyss AG acted as legal counsel to DBS Group. The team has been co-led by Urs P. Gnos (Partner, Corporate/M&A) and Nico Bernhard (Senior Associate, Corporate/M&A) and further included Mark A. Reutter (Partner, RCTI), Reto Jacobs (Partner, Competition), André Kuhn (Managing Associate, real estate), Michael Kissling (Associate, Corporate/ M&A), Carmen Spichiger (Associate, Corporate/M&A), Gaurav Bhagwanani (Senior Associate, Employment) and Benno Fischer-Siddiqui (Associate, RCTI).