SWISS CENTRAL CITY REAL ESTATE FUND INVESTS IN VISIONAPARTMENTS LUCERNE
56 FURNISHED APARTMENTS IN CITY CENTRE
Following the successful opening of VISIONAPARTMENTS Lucerne in January 2020, the property was purchased by the Swiss Central City Real Estate Fund for CHF 18.2 million. Under a ten-year rental agreement, VISIONAPARTMENTS will continue to operate the 56 modern, furnished apartments.
VISIONAPARTMENTS sold its apartment property at Neustadtstrasse 16 in Lucerne to Swiss Central City Real Estate Fund, managed by the fund company Nova Property Management AG. The real estate fund was convinced by the centrality of the property, its convenient accessibility and the stable cash flow. 56 fully furnished apartments, office and commercial space as well as a wellness area are comprised in the building, making it the ideal choice for business travellers and tourists.
The transfer of ownership of the property took place in the end of June 2020. However, VISIONAPARTMENTS will remain the operator of the property through a rental agreement with a term of 10 years, and customers will continue to benefit from the offers for both long-and short-term stays. The monthly rent for the apartments ranges from CHF 1090 - 1790 (excl. VAT), with short-term rates also being sold. Services such as Wi-Fi, digital TV, weekly room cleaning and ancillary costs are included in the rent.
VISIONAPARTMENTS specializes in renting out stylish and furnished serviced apartments all around the world. Established in Switzerland in 1999, the company quickly grew from a start-up to Switzerland’s market leader with a global presence. Today, VISIONAPARTMENTS offers tailored temporary living solutions in over 850 business locations worldwide. visionapartments.com
For further information:
Debora Verna, Group Marketing & Communications Manager
Talstrasse 62 I CH-8001 Zurich
Tel.: +41 44 248 34 78 I Mobile: +41 79 585 90 91