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Meyer Burger sells company building to Helvetica Swiss Commercial Fund
The two parties have registered a purchase contract to this effect on October 22, 2019. Subject to the expected approval of the City of Thun, which currently holds a pre-emptive right to acquire the building, it is anticipated that the transaction and change of ownership will be concluded shortly.
Manfred Häner, CFO of Meyer Burger: "With the completion of the sale of the building, we are improving our liquidity and thus strengthening the basis for implementing our strategic realignment.”
For its part, Meyer Burger will continue to occupy around 4,400 square meters of the building as a tenant. The 22,900 square meter commercial and office complex is fully let.
Meyer Burger had already announced the sale of the group-owned building dating from 2011 a number of months ago for reasons including its strategic and organizational reorientation.
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