UBS puts 19 branches across Switzerland up for sale
Published: Friday, Sep 20th 2024, 14:00
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The major bank UBS is putting 19 branches across Switzerland up for sale as part of the consolidation of its branch network. These are apparently branches that are no longer required following the complete integration of Credit Suisse.
The big bank has commissioned the UBS Real Estate Advisory Team with the sale of the 19 branches, a UBS spokeswoman confirmed on Friday, according to the web portal "Inside Paradeplatz": "As already communicated, we will close duplicate branches and keep the best ones."
As can be seen from the excerpts from the sales prospectus published by "Inside Paradeplatz", properties and condominiums are being offered for sale in locations throughout Switzerland - from Locarno to Glarus and from Einsiedeln to Martigny. The properties can be purchased individually or as a "package" (partial or complete portfolio), according to the prospectus.
As already announced, UBS intends to close a total of 85 branches in locations with duplication as part of the CS integration. By 2026, the branch network should still comprise 190 branches across Switzerland. This is roughly the same number as UBS had before the CS takeover.
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