Swiss Prime Site boosts portfolio with Zurich acquisition

Swiss Prime Site has purchased a contemporary, fully-occupied office building in Zurich West, securing a net yield of 3.8%.

Pfingstweidstrasse, Zurich

This acquisition marks the final significant investment utilising the CHF 300 mln (€312.5 mln) raised from its February 2025 capital increase, aiming to boost value for all its funds.
The property, located on Pfingstweidstrasse, boasts 19,000 m² of rental space and excellent transport links. Since 2016, it has been fully leased to SIX Group Services AG, the Swiss stock exchange operator. The building, constructed recently, features high-quality finishes, flexible layouts, and is expected to achieve a "very good" BREEAM sustainability rating due to its sustainable design and district heating.
Acquired through exclusive negotiations, the sale price remains undisclosed.
Swiss Prime Site expects these new acquisitions to generate approximately CHF 17 mln (€17.7 mln) in additional annual rental income. The strengthened capital position will also reduce the need for property disposals, with total annual rental income from the capital increase now anticipated to reach nearly CHF 20 mln (€20.8 mln).
René Zahnd, CEO of Swiss Prime Site, commented on the acquisition: “With previous purchases in Geneva and Lausanne, this deal will further reinforce our presence in Zurich, our most important market. The transaction highlights our commitment to acquiring prime, centrally located office spaces and demonstrates our ability to deploy new capital to support sustainable growth.”