An unknown buyer signed a contract to acquire residential property in Rorschacherberg from BFW Liegenschaften AG (SWX:BLIN) for CHF 41.5 million on September 13, 2013. The buyer has deposited an advance payment of CHF 1 million. As per the contract details, the transfer of ownership has to take place until December 31, 2013 at the latest else the advance payment will be forfeited to the benefit of BFW.

In case, any of the two parties would withdraw from the contract, CHF 1 million has to be paid as a fine to the other party. The property generates target rental income of approximately CHF 2.36 million per annum. KPMG acted as evaluator for the property.