Media Release
Basel, 3 November 2020 – HIAG sells the site in St. Margrethen with a land area of around 66,000 m2, which was previously assigned to Stadler under a building rights agreement, to the Swiss system provider of solutions in rail vehicle construction. It is agreed that the parties will not disclose the purchase price.
The remaining area in St. Margrethen remains in the HIAG real estate portfolio. As before, it is rented by a large logistics company and is also used as a car park.
The divestment in St. Margrethen is part of HIAG's continuous portfolio optimisation, after the development of the site was completed for HIAG with the establishment of Stadler's new competence centre for double-decker trains. "The proceeds from the sale strengthen our operational power in addition to the recent share placement", says HIAG CEO Marco Feusi. "HIAG is therefore well equipped to continue to drive forward the realisation of the project pipeline and to expand the real estate portfolio with targeted acquisitions".
Company Calendar
15 March 2021 Publication of the 2020 annual results
22 April 2021 Annual General Meeting 2021
27 August 2021 Publication ot the 2021 half-year results
Contacts
Marco Feusi Chief Executive Officer T +41 61 606 55 00 | Laurent Spindler Chief Financial Officer T +41 61 606 55 00 |
HIAG Immobilien Holding AG
Aeschenplatz 7
4052 Basel
T +41 61 606 55 00
investor.relations@hiag.com
www.hiag.com