Deals & Cases

The shareholders of SenioResidenz AG are to receive 0.91 shares in Novavest Real Estate AG for one share in SenioResidenz AG. The merger and the merger agreement are subject to the approval of the extraordinary general meetings of shareholders of Novavest Real Estate AG and SenioResidenz AG as well as other customary closing conditions. The closing is expected to occur mid-June. The merged company is expected to hold a property portfolio with a market value of approx. CHF 1.02 billion.

Novavest Real Estate AG is a Swiss real estate company based in Zurich and listed on the SIX Swiss Exchange. It focuses its activities on the management and development of properties with purely residential use (rental income share from residential use at least 50% of total rental income) and with office and commercial use, as well as on new construction projects in these segments.

SenioResidenz AG is active in the real estate sector with its registered office in Zurich and listed on BX Swiss. The activities of SenioResidenz AG focuse on investments in selected properties which are primarily for seniors’ living facilities. This includes apartments for the elderly, properties that enable assisted, self-determined, senior-friendly living and housing, as well as retirement and nursing homes.

MLL advises Novavest Real Estate AG on all aspects of the merger. The MLL team is co-lead by partners Catrina Luchsinger Gähwiler (Banking & Finance) and Kevin M. Hubacher (Corporate & M&A) and included partner Mark Montanari and associate Andreas Bossard (both Banking & Finance and Corporate & M&A), partner Thomas Nabholz and associates Noemi Bünter, Stéphanie Fuchs and Noëlle Gasser (all Tax).