Mobimo: Project sold to a Swiss real estate fund

Press release

Project with building permit sold to a Swiss real estate fund

Lucerne, June 8, 2021 – Mobimo has sold the “Cosmos” project, which has obtained a building permit and is located in the metropolitan area of ​​Zurich, to a Swiss real estate fund. The transaction was made possible thanks to active portfolio management and the company’s internal development expertise.

The city of Dübendorf, in particular the Hochbord region, has become a popular place to live and work. Mobimo has owned a plot of land with a commercial building built in the 1960s at Zürichstrasse since 2000. The building has development potential, which Mobimo is now exploiting with the “Cosmos” project: a set of four new buildings is being created with around 170 apartments for single-family and family households, as well as multipurpose offices, spaces commercial and retail. The Cosmos is a short walk from Stettbach train station, Samsung Hall and the local recreation area in the direction of Zürichberg. High standards have been set for sustainability, in particular energy efficiency, throughout the development process: the buildings will comply with the Swiss Sustainable Building Standard (SNBS Gold) and the greenproperty quality label and will have a certain number sustainable features, including a photovoltaic system and a geothermal power plant. probe.

Cosmos was created as part of the activities of the Development business unit on behalf of third parties, which offers development of surfaces, sites and real estate. As expected, Mobimo recently handed over the project, which has a building permit, to the buyer, a real estate fund managed by Credit Suisse Asset Management. Daniel Ducrey, CEO of Mobimo: “We are delighted with this successful transaction. We have developed a convincing new construction project from an investment property with potential. Cosmos is therefore a good example of the interaction between active portfolio management and internal development expertise. . ”

Construction work on Zürichstrasse in Dübendorf will start in June 2021. It is expected to be completed by the end of summer 2023.

www.cosmos-hochbord.ch

About Mobimo:

With a broadly diversified real estate portfolio with a total value of almost CHF 3.4 billion, Mobimo Holding AG is one of the leading real estate companies in Switzerland. Its portfolio includes residential and commercial properties as well as development properties for its own investment portfolio and for third parties, which are located in prime locations in German and French-speaking Switzerland. Its buildings are characterized by balanced use and rigorous management. Mobimo’s development projects strengthen its revenue base and the value of its portfolio. The company also creates investment opportunities for third parties as part of its development services. Mobimo has around 170 employees. www.mobimo.ch

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Mobimo Holding SA published this content on June 08, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 08 Jun 2021 05:04:02 AM UTC.