From the Wires
Switzerland was in Manhattan - Luxury Real Estate for non-Swiss
By: PR Newswire
Nov. 15, 2012 05:40 AM
NEW YORK, November 15, 2012 /PRNewswire/ --
Henley Estates brought Switzerland to Manhattan Wednesday evening for an elegant and authentic Swiss experience - and to share a very interesting message. The red carpet was out at The Setai Fifth Avenue to invite the firm's private clients' to learn that for the first time in memorable history, foreign non-Swiss residents and therefore practically everyone in Manhattan, now have the right (for a limited time) to acquire residential real-estate in one area of Switzerland without any government restrictions or approvals.
Guests enjoyed an Après-ski themed setting, hors d'oeuvres, and experienced everything about this one area of Switzerland, the destination of Andermatt Swiss Alps; home to the recent Swiss Federal Lex Koller exemption. This exemption is unique in many ways and as one example, it created the only 28 large luxury villas (over 2690 square feet) in all of Switzerland that may be owned by any foreign non-Swiss resident.
The event was attended by a variety of distinguished guests, many who have already prioritized travel to Switzerland to be the first who take advantage of this rare opportunity.
Henley Estates is a leading authority in strategic international real-estate advisory for private clients and developers, is a member of the Henley & Partners Group, and the Private Client Group of Switzerland. Henley Estates is the preferred partner of the worlds most established private clients and has the experience and knowledge needed to assist with all high-end international real-estate requirements. http://www.henleyestates.com
Andermatt Swiss Alps
Andermatt Swiss Alps is the largest integrated year-round holiday destination recently developed in the Alps, and the only development with a full exemption to the Swiss Lex Koller regulations that restrict foreign ownership of residential property in Switzerland. The location encompasses in its final shape six 4 and 5 star hotels, 490 apartments in 42 complexes, 25 villas, 1970 parking spaces, 35'000 sqm of commercial space, a sports and leisure center, conferencing space for 600 delegates as well as an 18 hole golf course. While the resort is being developed, the skiing facilities between Andermatt and Sedrun will be modernized and linked. Andermatt Swiss Alps AG is a full subsidiary of Orascom Development Holding AG (ODH), listed on the Swiss Exchange SWX. For further information please check http://www.andermatt-swissalps.ch.
SOURCE Henley Estates
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