Chavannes

Mixed-used fully occupied property of 3,500 SQM and located in the Swiss Canton of Vaud, less than 15 min drive to Geneva Airport

Paragon acquired in December, 2015 this 3,500 SQM freehold property, fully occupied, on a strategically well located parcel next to an important 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 in a timely manner. This acquisition was challenging because the previous owner held only nine out of ten condominiumized lots. The final lot was not for sale and, therefore, discouraged most of our competitors. Paragon was able to strike an agreement with the owner of the final lot so that future projects and management will be seemless.

Paragon is planning to build a new pad-development on-site as soon as possible. 

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