Cassa Pensioni di Lugano (CPL) has contributed an existing property with 79 apartments at Via Marco di Carona 19-27 and Via Ferri 22-26, Lugano (TI) and 2 adjacent plots of building land to the Swiss residential real estate investment group as a contribution in kind. CPL was issued shares in the investment group with an equivalent value of 21.4 million. The new building project already started by CPL was taken over as part of the contribution in kind. Furthermore, it is also planned to gently renovate the existing properties, as these are protected buildings with a total investment of 56.5 million. Construction is scheduled to start at the beginning of 2024. The transaction was carried out on a tax-neutral basis, which corresponds to a saving of 0.5 million.
Via Marco di Carona 19-27 / Via Ferri 22-26