Brief: PSP Swiss Property Acquires Property From Union Investment For CHF 216.5 Million

PSP Swiss Property AG

01/06/2023 17:03

June 1 (Reuters) - PSP SWISS PROPERTY AG  PSPN.S :
    * PSP SWISS PROPERTY ACQUIRES A PRIME PROPERTY FROM UNION
INVESTMENT FOR CHF 216.5 MILLION AND THUS EXPANDS ITS PORTFOLIO
    * AS OF 1 JUNE 2023, PSP SWISS PROPERTY HAS ACQUIRED OFFICE
PROPERTY "WESTPARK" AT PFINGSTWEIDSTRASSE 60 IN A GOOD LOCATION
IN ZURICH WEST
    * PROPERTY WILL BE INCLUDED IN OUR GREEN ASSET PORTFOLIO
    * BUILDING GENERATES AN ATTRACTIVE NET YIELD OF 4 PERCENT
AND HAS
BOTH RENTAL AND DEVELOPMENT POTENTIAL IN MEDIUM TO LONGER TERM

Source text for Eikon:  ID:nEQ2F5HJBa 
Further company coverage:  PSPN.S 

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