Samuel Jonas Marbacher

In brief In response to the SVP initiative “No 10-million Switzerland”, the Federal Council is proposing various tightenings of the Lex Koller and has opened a consultation process until 15 July 2026. In future, persons abroad will be able to acquire real estate serving as permanent establishments without authorization only for their own use; renting out such premises is no longer permitted.

Baker McKenzie advised Kulm Hotel on a club deal financing with three Swiss banks as lenders and UBS Switzerland AG as coordinator, security agent and agent. Kulm Hotel is a leading luxury hotel in the Swiss Alps, renowned for its pioneering role in the development of winter tourism. Founded in 1856, Kulm Hotel offers a comprehensive portfolio of premium accommodations, fine dining, wellness and sporting experiences, combining historic heritage with contemporary alpine elegance.

Baker McKenzie Switzerland AG advised a real estate developer on the successful sale of parts of its Swiss real estate portfolio. The 16 residential properties sold, with a total of 844 apartments, were located in sought-after locations in the Swiss Mittelland and Ostschweiz regions, including the cantons of Aargau, Basel-Land, Berne, St. Gallen, Solothurn, Thurgau and Zurich. The portfolio included one stand-alone car park.