Varia Swiss Realtech Properties continues to expand its portfolio with the acquisition of an exclusive logistics asset in the canton of Geneva. This acquisition represents a unique opportunity to consolidate VSRP’s presence in the growing sector of logistics real estate.
The asset is strategically located in a prime industrial area of Geneva, Bois-de-Bay (ZIBAY), 10 minutes away from the motorway access and from Geneva international airport. The construction was completed in December 2019, offering a 18’720 sqm storage surface and 69 parking spaces. In addition, the asset will benefit from a long-term lease contract with AAA tenants such as the FHH (Fondation Haute Horlogerie), who counts as partners iconic brands such as Audemars Piguet, IWC Schaffhausen and Cartier, to only name a few; and the CGHH (Campus Genevois de la Haute Horlogerie). The FHH is also the organizer behind one of Geneva’s most exceptional events: Watches & Wonders Geneva (formerly SIHH).
The logistic sector is a promising market
The stability and growth potential of logistics offers investors interesting long-term opportunities and represents an ideal instrument for diversification. The demand for logistics space is growing and will continue to increase, especially for larger surfaces. In a context where new logistics developments built by promoters-investors are still rare in Switzerland, a new pre-rented building such as Flexilog represents an exception in the Canton of Geneva (CBRE 2020).