This February Varia Swiss signed a binding forward commitment with vanBaerle for the acquisition of their new headquarter located in the “Getec Park” in Muttenz (Basel Land). The asset will be acquired as soon as it will be delivered in the end of Q1 2021.
Asset description
The property is located in the Getec Park industrial area in Muttenz (BL), home to major chemical and pharmaceutical companies, including Novartis and Clariant. The site offers an attractive logistic location, comprehensive services to the companies and a close network with local authorities, institutions and trade associations. The building developed on the 13’061 m2 plot will be exploited by vanBaerle, a leading Swiss-based company that focuses his activities on Hygiene and Silicates. vanBaerle will move to Muttenz from his current site located in Münchenstein in the course of 2021. This strategically located asset will benefit of a 20-year triple net lease with a prime single tenant.
Production & Logistics is a stable and growing market
Digitalization and new technologies have changed the traditional supply chain and characterize the development of the industrial and logistic real estate market. The Basel region is one of the world’s leading destinations in the life sciences sector and related industries, such as chemicals, healthcare and medtech, engineering and mechanicals. It counts with unique infrastructure in continuous evolution and prestigious educational centers, with over CHF 7 billion allocated by companies and institutions on new research and developments in the next few years. Its prime position by the Rhine, at the intersection between France, Germany and Switzerland, gives direct access to all important traffic routes and made it a strategic trade center. The 990 logistics companies based in the Basel region handle almost 20 million tonnes of economic goods every year (data from www.baselarea.swiss).