Strategic acquisition focuses on specialized commercial areas
Swiss Life Asset Managers has acquired Gewerbe- und Handelszentrum AG (GHZ), which developed and owns the Wagi site in Schlieren. The site will be retained and all employees will be kept on.
Swiss Life Asset Managers aims to strengthen its position in the life sciences sector with the acquisition of Schlieremer Gewerbe- und Handelszentrum AG(GHZ), as detailed in a press release. GHZ has developed the Wagi site that belongs to it. A total of around 250 companies and organizations from the life sciences sector are now based there on a rental area of 143,000 square meters, providing more than 2,400 jobs. The Bio-Technopark Schlieren is also located on the site.
The GHZ site will be retained, the employees will be kept on and GHZ Managing Director Walter Krummenacher will continue to act as a contact person for the tenants and develop the site with his employees. “We are very happy to have found a reliable partner in Swiss Life Asset Managers that shares our values and our long-term commitment to real estate and life science as a contribution to society. In this way, the vision of our founder Leo Krummenacher will be carried into the future”, Walter Krummenacher is quoted as saying in the press release.
With the acquisition of the “dynamic and fast-growing center with long-term value creation potential”, Swiss Life Asset Managers wants to underline its focus on investments in the Living, Logistics, Light Industrial and Life Science and Tech (“4L”) sectors. “We are delighted to continue the impressive development of the site with the experienced team at GHZ. Swiss Life Asset Managers is convinced of the attractiveness and future strength of life science real estate, as it is of great importance for our economy as well as for our society,” says Paolo Di Stefano, Head of Real Estate Switzerland at Swiss Life Asset Managers.