Banking on Switzerland

The merchant banking arm of Pramerica takes the plunge in Switzerland.

CLOCK THISPramerica's acquisition of A&A Liegenschaften

Category Statistic
Transaction value CHF296 million
Closing Date (NYC) May 5 2006
Equity component CHF75 million
Seller A group of Swiss
institutions in A&A
Number of properties 16
Total square meters 99,000
Bookvalue CHF315 million
Key properties • 7,100 sq. m. office at
Rue du Grand Pre 64/68,
• 16,000 sq. m Tivoli
Shopping Centre in
• 10,000 sq. m. office in
• 10,000 sq. m. retail
warehouse in Luzern