Banque Heritage announced today that it has sold the building which has housed its Geneva headquarters since 2006 to SwissLife.
Banque Heritage continues to actively pursue an in organic growth strategy through the acquisition of selected portfolio assets from a number of Swiss Private Banks. «In light of our corporate strategy and taking into account today's negative interest rate environment, the sale and 20 year lease back of our Geneva headquarters is a very attractive opportunity for the Bank's shareholders» noted Carlos Esteve, CEO. He added: «This transaction further enhances our already solid capital base and allows us to comfortably prospect new acquisitions, something which gives us economies of scale and establishes our position on the Swiss Private Banking playing field.The Bank has no plans to leave its premises on the Route de Chêne. »