Pictures: $75M Swiss Penthouse Targeted At Gulf Buyers

A luxury penthouse worth more than CHF70 million overlooking Lake Geneva may be snapped up by one Gulf investor.

Swiss Development Group is currently undertaking a GCC roadshow to promote Du Parc Kempinski Private Residences, which is managed by Kempinski and contains just 24 residences, spanning 200sqm-700sqm, and 650sqm spa.

Edgar Van Schaik, director of Rockefeller Estates, said: “I’m very confident that the penthouses will be going to this market, and more confident that it will be to one investor.”

Alongside meetings in Dubai and Doha, Van Schaik said it was “contemplating” Saudi Arabia.

He added the precise configuration of the top-floor penthouse is to be finalised. The penthouse could be divided in three, and sold to three separate buyers. Prices for ‘standard’ apartments will vary but Schaik said they will be in the CHF7-8 million range.

Formerly a hotel dating back to 1906, the building has been carefully restored and renovated into luxury residences.

In return for their multimillion franc investment, owners receive “full on effortless living” with private butlers, Rolls-Royce limousines, elite membership with Quintessentially and other perks such as golf memberships.

Despite the upmarket leisurely setting, Lake Geneva is also a magnet for executives, and resident businesses include Nestle’s headquarters.

Van Schaik predicted that investors will use Du Parc as a mixture of primary and secondary residences.