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News Release

Zurich

Sale-and-leaseback of large industrial premises in Landquart


​JLL acted as exclusive advisor on behalf of Landqart AG in the sale-and-leaseback of large industrial premises in Landquart and successfully closed the deal after a competitive transaction process.

The transaction comprises two land plots of around 61,000 m² in total with several different high security production and administration buildings totaling a usable area of approximately 41,000 m². In addition, there are more than 120 parking spaces. The vendor, Landqart AG, produces high security paper products including passports, and banknote and visa paper, and is a wholly-owned subsidiary of the publicly-listed Canadian company Fortress Paper Ltd. The buyer of the property is the real estate fund Procimmo Swiss Commercial Fund II. The lease contract is «triple-net» with a fixed duration of 20 years and two 10-year renewal options.  

The JLL transaction team consisted of Gregor Strocka and Wischiro Keo.