Basel, 19 April 2023 – HIAG is selling the Lorzenpark residential and commercial property in Cham (ZG) to Swiss Prime Investment Foundation as of 1 May 2023 as part of its capital recycling strategy. The property comprises around 10,700 m2 of land and 15,000 m2 of floor space, divided into 9,400 m2 of office / commercial space and 5,600 m2 of residential space. The annualised rental income of the property, which was built in 2008, amounted to CHF 3.3 million as at 31 December 2022. The property's sales price is higher than its estimated fair value. HIAG intends to use the proceeds primarily to finance development projects.
| Contact | |
| Marco Feusi Chief Executive Officer T +41 61 606 55 00 marco.feusi@hiag.com | Stefan Hilber Chief Financial Officer T +41 61 606 55 00 stefan.hilber@hiag.com |
| HIAG Immobilien Holding AG Aeschenplatz 7 4052 Basel T +41 61 606 55 00 investor.relations@hiag.com www.hiag.com |
| Company calendar | |
| 27 April 2023 | Annual General Meeting |
| 28 August 2023 | Publication of Half-Year Report 2023 |
| 26 September 2023 | HIAG Capital Market Day |
| 4 March 2024 | Publication of Annual Report 2023 |
| 18 April 2024 | Annual General Meeting |
About HIAG
HIAG is a leading real estate company listed on the SIX Swiss Exchange with a real estate portfolio with a total value of CHF 1.93 billion. Based on the total area of the real estate portfolio of 2.5 million m2, HIAG has an outstanding development pipeline of approximately 742,000 m2 with currently 58 projects and an expected investment volume of CHF 3.1 billion. The portfolio comprises 44 sites with well-developed office, commercial and logistics properties as well as selected residential properties in future-oriented growth regions of German- and French-speaking Switzerland. Through its property management activities, HIAG generates stable property income and creates long-term value enhancement potential through active portfolio management and the development of attractive destinations.