Raffles Education skis into Switzerland

Latest purchase of Swiss properties marks its maiden European foray

Anita Gabriel
Published Thu, Sep 18, 2014 · 04:00 PM
Share this article.

FROM the animated city of Sydney to the atmospheric Clarke Quay in Singapore and the dusty charm of Phnom Penh, the business voyage of Raffles Education Corp - one of Asia's largest private school operators - has now taken it to Europe, on the slopes of Nendaz in Switzerland.

In its maiden foray into Europe, the mainboard-listed company said on Thursday that it will buy a spanking new four-star hotel with seven commercial units below and land with readily available teaching facilities and dormitories for 29.12 million Swiss francs (S$39.8 million).

Raffles Education plans to set up schools for hospitality management and design and a Swiss International Baccalaureate school there.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to

Companies & Markets


Get the latest coverage and full access to all BT premium content.


Browse corporate subscription here