Acquisition of prime property portfolio

Property News

8 December 2017

Acquisition of prime property portfolio

PSP Swiss Property purchases a prime property portfolio for CHF 190 million from Edmond de Rothschild (Suisse) S.A. As per 1 February 2018, nine representative office buildings are taken over.

The portfolio consists of 15’400 m² letting area. All buildings are located in prime locations and are perfectly maintained. Five properties are located in Geneva’s banking district, two in Lugano and one each in Lausanne and Fribourg. Edmond de Rothschild (Suisse) S.A. remains single or main tenant in all buildings.

Strategically, this acquisition perfectly fits the existing portfolio of PSP Swiss Property and strengthens its position in particular in the French part of Switzerland.

Transfers of ownership will take place on 1 February 2018.

Further information:

Adrian Murer, CIO · Phone +41 (0)44 625 55 77 · Mobile +41 (0)76 420 26 27

Vasco Cecchini, CCO · Phone +41 (0)44 625 57 23 · Mobile +41 (0)79 650 84 32

PSP Swiss Property – leading Swiss real estate company

PSP Swiss Property owns a real estate portfolio of CHF 7.0 billion in Switzerland’s main economic areas; its market capitalisation amounts to CHF 4.0 billion. The 86 employees are based in Geneva, Olten, Zug and Zurich.

Since March 2000, PSP Swiss Property is listed on the SIX Swiss Exchange (symbol: PSPN, security number: 1829415, ISIN CH0018294154).

About Edmond de Rothschild

Edmond de Rothschild is an ambitious, independent family-run investment house which specialises in private banking and asset management based on the idea that wealth should be used to create tomorrow’s world. In all its activities, the Group focuses on bold strategies and long-term investments which are rooted in the real economy – infrastructure, healthcare, biotechnology and impact investing. Founded in 1953, the Group has been managed since 2015 by Baroness Ariane de Rothschild as President of the Executive Committee. The Group has €155 billion (CHF 167 billion) in assets under management, 2,700 employees and 27 sites worldwide as of 31 December 2016. It is also active in corporate finance, private equity and fund administration.

None of the information in this press release constitutes an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. None of the securities of the Company referred to in this press release have been or will be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States.