J. #Safra Sarasin Snaps Up #Geneva Landmark

Brazilian-Swiss bank buying BNP's emblematic building in the heart of Geneva's financial district  

Banking group J. Safra Sarasin is buying a 15,000-square meter building in Geneva from BNP Paribas for

270.3 million Swiss francs ($292,6MM). 

Transaction involves sale and lease-back agreement with a three to five-year lease.

In 2004 the Swiss subsidiary of BNP Paribas acquired the property for 80 million Swiss Francs, —netting the French Bank 3.5X its original investment!

Not bad for conservative Swiss banking! 

See the whole article online here: https://www.finews.com/news/english-news/48357-j-safra-sarasin-bnp-paribas-building-geneva