News and developments

Bär & Karrer Advises Swiss Prime Site on its Rights Offering

On 28 September 2018, Swiss Prime Site,

the largest publicly listed real estate investment company in Switzerland,

completed a capital increase by way of a rights offering to its shareholders in

the amount of approximately CHF 320 million. 97,7% of the shareholders of Swiss

Prime Site exercised their subscription rights in the rights offering. The

remaining new shares not subscribed were placed in the market. The offer price

was set at CHF 74.00 per share. Credit Suisse and UBS Investment acted as Joint

Global Coordinators, J.P. Morgan and Zürcher Kantonalbank acted as Joint

Bookrunners.

Bär & Karrer acted as legal adviser

to Swiss Prime Site in this transaction. The team included Thomas U. Reutter,

Alexander von Jeinsen, Frédéric Mancosu, Nora Flückiger, Carlo Hunter and

Manuela Cassano (all Capital Markets) as well as Christoph Suter and David

Weimann (both Tax).