Union Bancaire Privée and The Risk Management Group have sourced and co-advised a consortium of institutional investors and family offices on the sale and lease back of the premises of Hôpital de La Tour in Geneva
31 March 2023 – A consortium of investors, advised by Union Bancaire Privée, UBP SA (UBP) and The Risk Management Group (Suisse) S.A. (RMG), has entered into a sale and leaseback transaction with the owners of Hôpital de La Tour in Meyrin. Hôpital de La Tour becomes a long-term tenant of the two buildings acquired by the consortium of investors. The hospital’s operating company remains in the hands of the current owners.
Hôpital de La Tour, located in Meyrin, Geneva, is the largest stand-alone hospital operator in Switzerland and the number one full-service private hospital in Geneva in terms of beds. The buildings consist of approximately 21,000 sqm of total rentable area servicing approximately 400,000 outpatient visits and 8,000 inpatient admissions per year.
UBP and RMG were able to obtain exclusive rights to this transaction. Together the two institutions assembled a limited number of pension funds, institutional clients and family offices from French-speaking Switzerland to partake in this transaction in the amount of CHF 500 million.
Walder Wyss acted as counsel to UBP and RMG on all aspects of this transaction. The team was led by Hubertus Hillerström (Partner, Corporate/M&A) and Fouad Sayegh (Partner, Tax) and further included Valentine Schnyder (Senior Associate, Corporate/M&A), Ken Savioz (Associate, Corporate/M&A), Sara Razgallah (Senior Associate, Real estate), Sonya Figueredo (Senior Associate, Tax), Emilia Rebetez (Managing Associate, Tax), David Borer (Partner, Banking & Finance), Olivier van den Brand (Trainee, Corporate/M&A) and Leila Ena (Trainee, Corporate/M&A).