HIAG Immobilien acquires the remaining parcels of the Meyrin site and signs an agreement with Hewlett-Packard

Media Release

HIAG Immobilien was chosen in September 2014 for the construction of the new EMEA headquarter following the call for tenders that Hewlett-Packard issued to various promoters/investors. Within this framework, HIAG Immobilien signed a long-term lease with Hewlett-Packard International Sàrl effective starting in 2017 for their new EMEA headquarter in Meyrin. According to the signed contract, HIAG Immobilien will build an 8'264 m² administrative complex intended for Hewlett-Packard by end of 2016. During the construction period, Hewlett-Packard will remain a tenant in the existing building at the site. The existing building will be reworked to receive several companies after the departure of Hewlett-Packard. 

With the acquisition of these 8'418 m², HIAG Immobilien obtained control of the entire 42'965 m² of the Meyrin site. The transfer of ownership of the land will be effective during the first half of 2015. Ownership of the entire site will make it possible to create more than 58'000 m² of gross floor area in buildings for high-value-added companies based on a guiding principle and in line with the wishes of the FTI (Fondation des Terrains Industriels de Genève). The long-term occupancy by this well-known leader in its sector confirms the strategic vision of HIAG Immobilien for the site.

Contact

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com