Züblin sells two buildings in Switzerland and prolongs financing in the Netherlands (CH/NL)

Züblin Immobilien Holding AG has announced that it has sold two properties in Switzerland. The sales price for both transactions was above the IFRS – valuation of September 30, 2010. Total cash flow after tax and transaction costs is CHF 78 million (approx. €61 million).

Züblin sold its office building in Schwerzenbach with a rental space of 14,426 m² to Credit Suisse Real Estate Fund Interswiss. In addition the property at Feldstrasse in Zurich was sold to a private investor.

At the same time Züblin announces the successful prolongation of its mortgage refinancing obligations in the Netherlands with a value of €61 million as of February 2011.

Source: Züblin

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