Procimmo Swiss Commercial Fund II acquires property in Hägglingen
Niederer Kraft Frey advised Procimmo Swiss Commercial Fund II on the acquisition of a commercial property with development potential in Hägglingen, Aargau, Switzerland.
The site consists of several halls and is used as a commercial and industrial property. It is located in the centre of Hägglingen in the “Sonnenhalde” area. The location is considered to be well-developed, and access to the A1 motorway is only a few minutes away. The purchase of the property is part of a sale and leaseback transaction and includes a triple net lease agreement.
The NKF team was led by Real Estate partner Andreas F. Vögeli and Tax partner Christina Rinne, working with associates Oliver Zbinden and Anne Huber, both Real Estate.
Procimmo Swiss Commercial Fund II is a long-standing client of NKF. Most recently, the NKF real estate team advised Procimmo Swiss Commercial Fund II on the acquisition of portfolio properties in Kriens, Luzern, and Neftenbach, Zurich, Switzerland (view announcement).