Etoy Development, Switzerland

This newly built, 13,900 sqm facility is the first phase of a two-fold development program in Etoy, hosting GEMS’ first international private school for children age 3 to 18 in Switzerland on a 42,000 sqm campus. The property is located in the La Tuilière area of Etoy, a commercial zone between Geneva and Lausanne within a 20 minute drive to Geneva’s International Airport.

Value-add Strategy

  • Develop a modern, high tech building (which ultimately received a MINERGIE label) in a centrally-located area with convenient international transport links
  • Find a long lease tenant who can benefit from the large development plot and location.  GEMS Education, an established firm with over 53 years of experience, has signed a firm 30-year, triple net lease agreement on the property
  • Design the development so that the property can easily be converted from the current school use into offices, should this be required