JLL advises on the sale of a shopping centre in Zurich-Wiedikon
JLL exclusively advised private investors on the sale of the "Wiediker Markt" in Zurich and successfully sold the property in a competitively managed transaction process
JLL exclusively advised private investors on the sale of the "Wiediker Markt" in Zurich and successfully sold the property in a competitively managed transaction process.
The property, which was completely renovated in 2010-2011 and is almost fully let, comprises more than 14,000 m² of rentable space as well as an underground parking with over 140 parking spaces. The majority of the area has retail usage and there are apartments on the upper floors. The property is mostly let to a leading Swiss retailer under a long-term lease.
Daniel Häcki, Senior Vice President at JLL, comments: "JLL could once again successfully demonstrate its proven transaction competence for retail properties. We have sold 18 properties in this segment in Switzerland with a total transaction volume of over CHF 1.1 billion for our clients just in the last five years."
The JLL transaction team consisted of Patrik Stillhart, Daniel Häcki and Wischiro Keo.