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News Release

Zurich

JLL acted as transaction manager in the sale and partial lease-back of the “Linth-Park“


Karl Vögele AG, the family-owned retailer “Vögele Shoes” with a long-lasting tradition, sold the Linth-Park property in Uznach to Euro Estates Group. The transaction comprises the regional shopping centre, office space and logistics facilities as well as two other mixed-used commercial properties.

Simultaneously, the seller entered into long-term leaseback agreements for the office and logistics parts of the building as well as for selected retail areas. The transaction allows the seller to focus on and to strengthen its operational core business.

JLL acted as exclusive transaction and corporate finance advisor to the seller. The JLL transaction team consisted of Lars Frölich (deal captain) and Gregor Strocka.