The commercial real estate division of the KENSINGTON Group in Switzerland, in cooperation with KENSINGTON Family Office AG, has brokered a residential real estate portfolio with 38 apartments and 85 parking spaces in the canton of St. Gallen.
“Taking into account the tightened hygiene conditions, we have successfully completed this mandate. Once again we have demonstrated how important a network such as KENSINGTON is for such transactions”, says Edon Demaj, Managing Director of KENSINGTON Commercial Properties, who is very excited about this success.
Edon Demaj · Managing Director – KENSINGTON Commercial Properties
The seller, a privately owned real estate company, was approached through KENSINGTON Family Office, while the buyer is a Swiss-based foundation advised by KENSINGTON Commercial Properties. “This and other transactions through our network during this very unusual period, coupled with the fact that buyers are not pulling out, once again shows the importance of property in uncertain times,” says Edon Demaj.
The core business of the KENSINGTON Group lies in the marketing of high-quality real estate for over 20 years, and is growing strongly through franchise branches internationally. Meanwhile, the company also has other divisions, such as a family office, a mergers & acquisitions company, a digital real estate investment platform, a travel portal, a publishing house that publishes the On LOCATION lifestyle magazine, among other things, as well as an exclusive art platform.