Allreal acquires office in Geneva for €145m

Swiss real estate company Allreal has acquired a prime office property in Geneva for CHF 140 mln (€145.6 mln). 

Rue du Grand Pre 64/66, Geneva - Allreal

Located centrally at Rue du Grand Pré 64/66, the property is expected to generate an annual rental income of CHF 7.8 mln (€8.1 mln), offering an attractive gross yield of 5.5%. Concurrently, Allreal is divesting several residential properties in the Canton of Geneva to better align its Lake Geneva region portfolio with its overall investment strategy.
The office building, purchased from an institutional investor, offers approximately 17,100 m2 of rental space and 200 parking spaces. It boasts a high long-term occupancy rate of 97%, with key tenants including the Information Technology Office of the Canton of Geneva, the EU, Hungary, and Cyprus, operating permanent agencies from the premises. Its proximity to Genève-Cornavin railway station places it on a major city thoroughfare.
Constructed in 2004, the building offers flexible floor plans suitable for various office uses and features BREEAM Good certification.
During the first quarter of 2026, Allreal is divesting six smaller residential properties in the Canton of Geneva. This move will adjust the Western Switzerland portfolio composition to match the overall investment mix and boost profitability. Additionally, in December 2025, Allreal sold a property in Basel (Steinenvorstadt) that no longer fit its strategy. In total, Allreal has sold properties valued at approximately CHF 136 mln (€141.5 mln).