Mixed-use 3’500m2 property a 15 min drive from GVA Airport
Paragon acquired in December 2015 this 3’500m2 freehold property, fully occupied, on a strategically well-located parcel next to a vital highway exit (Divonne-Coppet), where development opportunities coupled with optimized management will create an attractive long-term-hold investment.
The seller, a non-profit organization, needed to fund another project and wished to complete the transaction on time. This acquisition was challenging because the previous owner held only nine out of ten condominiumized lots. The last lot was not for sale and discouraged most of our competitors. Paragon agreed to cooperate with the owner of the independent lot so that future projects and management would be seamless.
Paragon is building a modular artisanal building with 13 lots on a 2’000m2 plot. The building permit was granted and construction will be completed in 2023. These new surfaces are available at attractive rents. Contact us for more information.
