Swiss Prime Site acquires Akara Group

Niederer Kraft Frey acted as counsel to the founders and shareholder of Akara Group on the sale of Akara Group to Swiss Prime Site.

Akara Group is a founder-led real estate asset manager based in Zug with approximately CHF 2.3 billion assets under management. Akara Funds AG was founded in 2016 by Karl Theiler and Jonathan van Gelder. The company has since evolved into a FINMA-regulated fund provider with a focus on residential and commercial real estate. The group also includes Akara Real Estate Management AG, which provides real estate services in the areas of development, realisation, property management and marketing, and Akara Property Development AG, which manages a limited partnership for collective investment (KmGK).

Swiss Prime Site is a Swiss listed real estate company. The business activities cover the whole real estate life cycle – from acquisition, project development, conversion and realisation to management as well as company and third-party utilisation of the properties. Including Swiss Prime Site Solutions, Swiss Prime Site manages real estate assets of CHF 15.7 billion.

The NKF Team was led by M&A partner Ulysses von Salis, working with associate Katalin Siklosi and junior associate Carlotta Ulmer (both M&A), senior associate Florian Louis Steiner (Regulatory) as well as partner Thomas Graf and associate Sara Müller (both Tax).