CBD Lausanne

With views of the lake and just a few meters away from Place St. Francois, in the central business district of Lausanne, Mike Wolfson led the acquisition of this office building that was optioned and then sold to a well-known private investor in 2010

This property was being quietly marketed in 2010 so as to avoid attention related to the selling corporation's decision to downsize. The building was being sold with vacant possession, delayed closing, and with some important renovation work to be completed.

Throughout the delayed closing period, Mike Wolfson led the Westcore acquisition team and was able to secure long leases with credit worthy tenants, prepare all the renovation works, and provide the final investor with a packaged deal that was compelling.

The property was "turned over" within the year, with the increased price reflecting significant value added.