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Stronger Swiss franc hurting landlords

Office vacancies expected to rise further in the next two years as foreign companies find rental rates expensive, say analysts

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Swiss office rentals have languished since 2011. A building boom in Zurich (above) and Geneva, Switzerland's largest cities, created a surplus of space that forced landlords to cut rents.

Berlin

WHEN Swiss Life Holding AG bought an office building in Geneva earlier this month for 535 million Swiss francs (S$804 million), it set a record for the city. A day later, the central bank unexpectedly scrapped its currency cap, making the job of leasing the property more difficult

sentifi.com

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