Geneva's RTS Tower Sold for 150 Million Francs to Rolex Owner Foundation

The iconic RTS tower in Geneva, a landmark since its inauguration in 1973, has been sold for 150 million francs to the Hans Wilsdorf Foundation, the owner of the Rolex group. The sale, finalized this Thursday, also involves the State of Geneva, which owns the land.

The Swiss Broadcasting Corporation (SSR) will remain a significant presence, becoming the main tenant until 2029. The SSR plans to invest in a new video production center within the tower, ensuring that Geneva-based teams continue their work on site. However, the majority of staff, including the news and sports editorial teams, will move to the RTS's new facilities in the canton of Vaud.

This transaction marks a significant shift for the RTS, consolidating some operations in Vaud while maintaining a key presence in Geneva through the SSR's continued use of the tower. The sale and subsequent lease agreement highlight the evolving infrastructure needs of media organizations and the strategic real estate decisions being made in Geneva.