An unknown group of buyers agreed to acquire Two Property Portfolios in the cantons of Geneva and Vaud, Switzerland for approximately CHF 320 million on May 17, 2022. Seven properties are located in the canton of Geneva, and three properties are located in the canton of Vaud. The completion of the sales will take place in several stages due to various buyers and existing statutory pre-emption rights. The proceeds from the current sale will be used to create further flexibility to take advantage of opportunities in the market.