Orascom Development Holding Sold a Number of the Chedi Andermatt Apartments to Acuro Immobilien

Orascom Development Holding AG, one of the leading developer of fully integrated tourism destinations and leisure facilities has sold 73 apartments in the mixed-use project The Chedi Andermatt for CHF 122.7 Mio to Acuro Immobilien AG. Acuro Immobilien AG is indirectly controlled by private equity real estate investors and managed by Swiss Finance & Property AG in cooperation with Orox Asset Management S.A.

Bär & Karrer acted as legal counsel of Orascom Development Holding AG. The Bär & Karrer team included Thomas U. Reutter, Roland Truffer and Romina Brogini (all Corporate/M&A), Corrado Rampini (Real Estate), Stephanie Comtesse und Tina Balzli (Regulatory) and Michael A. Barrot (Tax).