Ina Invest acquires majoriy stake in CERES Group Holding Ltd.

Niederer Kraft Frey advised Ina Invest on the acquisition of a majority stake in CERES Group Holding Ltd (CERES) with the “Bredella” development project at Pratteln railway station and three ancillary properties in Pratteln and Aesch, Basel-Land. The agreements were signed on 15 December 2021 and provide for the closing of the transaction in January 2022. The contractual parties have agreed not to disclose the purchase price.

The core of CERES’ real estate portfolio is the buss site at Pratteln railway station with the “Bredella” development project. The site is to be transformed into a lively central quarter with 70 percent residential space (more than 1,000 apartments) and 30 percent commercial space in the next 20 years. After the development, the market value of the property will increase from around CHF 300 million today to more than CHF 1 billion (including freehold apartment projects).

Ina Invest, headquartered in Glattpark (Opfikon), is a Swiss real estate company that was created as a spin-off from Implenia and which has been operating independently since its IPO in June 2020.

The NKF team was led by Real Estate partner Andreas F. Vögeli, working with associates Annina Fey (Real Estate), partner Philipp Candreia and junior associate Thomas van Gammeren (both Corporate/M&A), senior associate Florian Steiner (Banking & Finance), partner Markus Kronauer, senior associate Sven Kälin and associate Manuel Frei (all Tax) as well as partner Christina Rinne (VAT).