Deka Immobilien’s Acquisition of Pictet Group’s Headquarters in Geneva

CMS von Erlach Poncet advised Deka Immobilien on the transaction.

Deka Immobilien has obtained a purchase contract for an office building in Geneva as part of a sale and leaseback transaction with the private bank Pictet & Cie Sa. The acquisition is being made by a joint venture of the two open-ended property funds WestInvest InterSelect and Deka-ImmobilienEuropa.

The object of purchase is the property Route des Acacias 60 in Geneva; the building was constructed in 2006 as the headquarters for the Pictet Group and will continue to be used by the Pictet Group in the future on a long-term basis.

Deka Immobilien is the specialist for real estate investments in the Deka Group.

Founded about 35 years ago, Deka Group is a family company and one of the largest importers of FMCG (fast moving consumer goods) in Haiti. Composed of seven separately managed divisions spanning over several industries and over a 100 different suppliers around the world, Deka Group’s brands and private labels are among the best known and best selling in Haiti.

The CMS Switzerland team included Dr Sibylle Schnyder (Picture), Dr Stefan Gerster, Dr Simone Brauchbar Birkhäuser and Dominik Bonderer.

Involved fees earner: Dominik Bonderer – CMS von Erlach Poncet AG; Simone Brauchbar Birkhäuser – CMS von Erlach Poncet AG; Stefan Gerster – CMS von Erlach Poncet AG; Sibylle Schnyder – CMS von Erlach Poncet AG;

Law Firms: CMS von Erlach Poncet AG;

Clients: Deka Immobilien GmbH;