GENEVA-A unit of San Diego-based Westcore Properties, Westcore Europe has bought a two-story industrial tower, Satigny Business Park, in Geneva, Switzerland. The deal was worth more than $29.2 million. The firm will lease a part of the 156,000-square-foot tower to Charmilles Technologies, the seller, who is a major Swiss manufacturer of industrial equipment.
According to Westcore founder, it the best time for the firm to add to its European portfolio as interest rates in Switzerland have almost hit bottom. For the full story, go to San Diego Business Journal.
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