Sale of a mixed-use rental building - Vernier (GE)
31 August, 2021 / Successes
Selling price
6 - 15 MIO
type of commercialisation
Two-stage tendering
Duration of commercialisation
3 months
Canton
Geneva
It consists of a rental buildings built in 1966, integrated into a mixed building block, with retail space on the ground floor and housing on the upper floors. The building is made up of 18 apartments (2, 3 and 5 rooms) and one retail space, all spread over 9 above ground levels.
Naef Investissement & Commercial marketed the building in a two-stage tendering process in order to compete with the offers of intention received at the end of the first round and thus obtain the best sale price in the second round. The sale took place at the end of the marketing schedule, at a price higher than the bidding price.
