Swiss Prime Site buys former SGS headquarters in Geneva
Select your language
Generated with artificial intelligence.
Listening:
Swiss Prime Site buys former SGS headquarters in Geneva
The property group SPS Swiss Prime Site is buying the headquarters of the testing and inspection group SGS in Geneva. The building is now to be remodelled and re-let.
SGS recently decided to relocate its headquarters from Geneva to Baar in the canton of Zug and has therefore sold the property, as SPS announced on Friday. SGS will move into an SPS building in Baar as the sole tenant from April 2025.
+ Get the most important news from Switzerland in your inbox
The final move out of the office property on “Place des Alpes” in Geneva is expected to take place at the end of 2025. After moving out, SPS will reposition the property for several tenants, the statement continues.
The real estate group assumes that around 5,800 square metres will be available for around 300 employees from mid-2026 following renovation work. Initial preliminary talks have already been held and interest is high. Swiss Prime Site anticipates potential rental income of around CHF3.5 million per year.
The largest listed Swiss property group increased its capital by CHF 300 million at the end of February with a share placement and announced at the time that the money would be used for planned acquisitions. According to SPS, this was the first step.
Adapted from German by DeepL/ac
How we work
We select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate them into English. A journalist then briefly reviews the translation for clarity and accuracy before publication. Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team.
Did you find this explanation helpful? Please fill out the short survey on this page to help us understand your needs.
More
Flat-hunting in Switzerland’s cheapest and most expensive municipalities
More
The Russia affair in the Swiss secret service: ‘This is espionage’
More
Is Switzerland repeating England’s housing mistakes?
More
What a love of cat ladders says about the Swiss
More
Swiss food labels must declare animal suffering from July
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.