immo!nvest – Die Plattform für Standorte und Immobilien

Category: Regions

  • Renovation combines functionality, comfort and alpine location

    Renovation combines functionality, comfort and alpine location

    Heller Gastro AG will open its newly renovated and converted Eiger Lodge Grindelwald on 19 December 2025. The work centred on the renovation of the Eiger Lodge “Easy”, the older of the two buildings that form part of the Eiger Lodge. It was modernised between April and December. According to a press release, the investment volume totalled 4.5 million Swiss francs. The two hotel sections “Easy” and “Chic”, located directly beneath the north face of the Eiger, offer a total of 220 beds.

    according to the statement, 70 per cent of the order volume was carried out with local companies, while the remaining 30 per cent was carried out with companies from Bern and the Bernese Oberland. The new breakfast area now offers more space and large window fronts with mountain views. New kitchen facilities are intended to simplify processes behind the scenes. The reception and entrance area has also been completely refurbished. A sauna has been installed on the upper floor. An adjoining terrace is still under construction. The communal showers, which are part of the “Easy” multi-bed, double and family rooms, have also been completely renovated.

    The hotel has been the base for numerous mountain enthusiasts since the 1990s under the name Mountain Hostel. in 2015, it was taken over by Heller Gastro and renamed the Eiger Lodge. The company also operates the Eiger Mountain & Soul Resort Grindelwald on site.

  • Merger strengthens care and living in old age

    Merger strengthens care and living in old age

    The Dübendorf-based Tertianum Group has acquired the Senevita Group, which previously belonged to the French care group Emeis from Puteaux. According to a press release, the transaction has already been approved by the Competition Commission(COMCO). The parties have agreed not to disclose the takeover price.

    The merger of the two care groups is intended to improve the entire area of nursing and residential care for the elderly in German-speaking Switzerland. Both companies combine high quality standards, regional roots and a clear commitment to social responsibility in the care sector, according to the press release.

    “I would like to warmly welcome the employees of the Senevita Group to our joint company. They complement the Tertianum Group perfectly – with their expertise, commitment and professionalism. We are proud to be working with them under one roof in the future to become even better together,” Luca Stäger, CEO of Tertianum Group, is quoted as saying in the press release. “The merger also complements our geographical presence, enables numerous synergies in operational excellence through mutual learning and creates new perspectives for all employees.”

    The now joint company will provide needs-based care for 10,000 guests. The Tertianum Group now has a total of 6,400 care beds and 4,300 age-appropriate apartments at 140 locations throughout Switzerland. In order to secure the next generation of nursing staff, 800 apprentices are being trained.

  • New sales concept focuses on experience and encounters

    New sales concept focuses on experience and encounters

    Rohner is redesigning its sales area in Balgach. According to a statement from CEO Hermann Lion, the site will be expanded to include a new sales area and is set to open in September 2026. The aim is “a space that connects brands and people. A space that inspires, surprises and shows that modern retail is far more than just sales.”

    The traditional company, founded in 1873, is thus responding to its perception that “people are once again shopping more consciously and looking for real contact – after years in which much has become digital,” says Lion on request. “Brick-and-mortar retail has a future if it offers more than just a transaction.” This is why the textile company is “investing specifically in a concept that combines experience, quality and encounters. It is a statement for the strength of physical retail – and for our region”.

    The new sales area is being designed by Zurich-based Susanne Fritz Architekten: “Clear lines. Natural materials. Light that tells stories,” says Lion. Susanne Fritz has already renovated and extended the entire building complex in Balgach and put it to a new use. The entire brand identity of Rohner AG was modernized and also architecturally redesigned, including the existing store space. “Despite a lower density of racks, it was possible to increase sales per square meter,” according to a presentation of the work.

    According to Lion, something is now being created in the new sales area “that we have never seen before in our region”. Various brands are to be visible together at this location. Shop-in-shop concepts for other textile brands are planned, as well as for accessories, lifestyle products, outdoor and design brands. “It is important to us that the partners can tell a story and fit into the overall experience, whether they are local manufacturers or international brands with a clear attitude.”

  • Realignment of a former weapons range takes shape

    Realignment of a former weapons range takes shape

    With the signing of a letter of intent to cede the Moudon military base, the canton of Vaud can start its planning process for the future use of the site. As the Confederation confirmed in a press release, the army will vacate the site from the end of 2027 to make way for the Vaud Police Academy. The canton, armasuisse Real Estate as the real estate competence center of the Federal Department of Defence, Civil Protection and Sport(DDPS) and the State Secretariat for Migration(SEM) are involved in the declaration of intent. The basis for this step is the decision taken by the Vaud State Council in May 2022 to relocate the police academy from its current location in Savatan to Moudon.

    According to the press release, the area and infrastructure of the Moudon weapons range offers great potential for establishing an interdisciplinary training center. The canton is already examining whether the site could be used not only by the police academy, but also by other partners from the security sector. In particular, so-called blue light services, services in the area of environmental protection or in the area of the penal system are under discussion. A project planning loan should enable all options to be explored.

    It is already clear today that the area will be gradually redesigned after the withdrawal of the army. The 41 Hospital School Command stationed in Moudon will move to the Chamblon military base in stages from the second half of 2027. The emergency capacities of the SEM in Moudon will remain in place. This means that accommodation can be provided in the multi-purpose hall there in the event of an increase in asylum seekers. “If the project progresses according to plan, the first training courses could begin between 2030 and 2032,” says the federal government.

  • New logistics hall increases efficiency in the national distribution network

    New logistics hall increases efficiency in the national distribution network

    Senn AG from Oftringen, which specializes in extensions, new buildings and special constructions, is building a new steel warehouse for the Migros distribution company(MVB) in Suhr. According to a press release, the new building covers an area of 7500 square meters, is more than 100 meters long and 15.5 meters high. At the heart of the modernization is a fully automated storage system, which will increase capacity and make logistics more efficient.

    A total of 1100 different components were required, which was logistically demanding and a challenge for assembly due to limited space for temporary storage. According to Senn AG, most of the assembly work was carried out using the company’s own mobile crane and two construction site cranes.

    According to the press release, the supporting structure is made of white-coated steel. a total of 530 tons of steel were used. According to the company, Senn AG processes 7,000 tons of steel and aluminium annually at its headquarters and is active in steel and metal construction, sheet metal and stainless steel centers, emergency power systems, mobile crane operations and other transport solutions.

    Construction work has been underway since the end of June. Around three quarters of the hall has been assembled and the final parts of the hall are currently being coated in the workshop and prepared for transportation. The project should be completed before the end of December.

    The realization of the warehouse is important for Migros’ supply network. As MVB writes, the retail group operates one of two national distribution centers in Suhr. The first was built more than 50 years ago in Neuendorf SO, and another site was built in Suhr more than 25 years ago.

  • Where the construction and real estate world is building its future

    Where the construction and real estate world is building its future

    Swissbau 2026 is more than just a trade fair. It is a seismograph of an industry in upheaval. Climate change, the energy crisis, scarcity of resources and a shortage of skilled workers are coming up against the rapidly advancing digitalization of the construction and real estate industry.

    the focus is on questions that will determine the future viability of a company today. How can we plan and build in a circular way? How can buildings become more energy-efficient and resilient? And how can digital tools be used to make processes simpler, more transparent and more collaborative? From design to operation.

    At the same time, there is growing pressure to visibly implement sustainable answers in projects, processes and products. Swissbau brings these topics together in a shared experience space where strategies, solutions and practical examples come together.

    focal points and highlights
    The trade fair sets clear focal points in terms of content. These include climate and energy, circular economy and materials, digitalization and collaboration as well as architecture and quality of life in the built environment. These topics will be presented in a practical and condensed manner in stage formats, guided tours and live demonstrations.

    highlights include premieres of new systems, materials and technologies that bring resource-saving construction and energy-optimized buildings to life. Live demos will show how digital planning, model-based collaboration and robotic production are changing the construction site and what opportunities this presents for efficiency, quality and occupational safety.

    how digital is Swissbau?
    Digitalization is no longer a stand-alone area, but runs as a common thread through the entire Swissbau. The focus is on end-to-end processes, from digital planning and BIM-supported collaboration to data rooms that connect planning, construction and operation.

    Platforms, tools and applications that make building data usable and thus contribute to more efficient project management, better decision-making and smarter operation will be presented at the trade fair. The physical trade fair will be complemented by an expanded digital presence that offers a program overview, streams of selected formats and extended dialogue opportunities before and after the trade fair days.

    The result is a hybrid knowledge and networking platform that goes far beyond the classic trade fair visit and enables companies to make their digitalization journey visible and think ahead.

    swissbau Focus Stage for dialog
    Swissbau Focus forms the heart of the trade fair in terms of content. In curated talks, panels and specialist events, associations, companies, universities and authorities discuss key issues relating to the future of the construction and real estate industry.

    The focus here is on framework conditions, strategies and specific responsibilities. How is the regulatory framework developing? What incentives are needed for climate-friendly and circular construction? What role do the public sector, real estate sector and industry play in the interplay?

    The character of the event is deliberately dialog-oriented. The focus is on exchange rather than frontal presentations, on controversial perspectives rather than one-sided product messages. This makes Swissbau Focus a place for managers and experts to sharpen their positions, form alliances and gain impetus for their own strategy

    Swissbau Lab and live craftsmanship
    While Swissbau Focus focuses on discourse, Swissbau Lab brings innovations to life. In a mixture of workshop, stage and laboratory, start-ups, established industry partners and educational institutions present new solutions. From digital tools and circular materials to pioneering construction processes.

    Formats such as the Main Stage, the Speakers Corner and thematic sessions focus on short, condensed inputs, best practices and direct exchange with the participants. This creates a field for experimentation in which new ideas can be tested, discussed and further developed. Close to practice, open to criticism and cooperation.

    At the same time, Treffpunkt Handwerk shows how much the building trade itself is changing. A two-storey timber house will be built live and companies will demonstrate work processes, tools and materials in operation. Digitalization, prefabrication and precision will be directly visible here, from smart tools to networked construction sites.

    Training, networking and safety
    A central concern of Swissbau 2026 is securing the next generation of skilled workers. Professional and industry associations, schools and training providers use the platform to showcase training paths, specializations and career opportunities. As well as to strengthen the dialog between young talent, companies and educational institutions.

    Networking runs through the entire trade fair. Lounge areas, themed meeting points and curated events offer space to initiate projects, deepen partnerships and forge new coalitions around the topics of climate, energy, digitalization and security.

    The topic of safety is broadly understood. From occupational safety on the construction site to building safety and resilience through to stable, trustworthy digital infrastructures. Swissbau 2026 shows that if you want to shape the future of construction, you not only need good products, but above all strong networks, shared knowledge and the courage to break new ground

    Trade fair dates and address
    Tuesday to Friday, January 20 to 23, 2026:
    9 a.m. to 6 p.m.
    All halls

    Saturday, January 24, 2026:
    9 a.m. to 4 p.m.
    Hall 1.2 and Hall 1.0 South
    Trend World Interior Design and Swissbau Focus
    www.swissbau.ch

  • St.Gallen prevents planning standstill in municipalities

    St.Gallen prevents planning standstill in municipalities

    In many St.Gallen municipalities, comprehensive revisions of structure and framework land use planning are currently underway, while in some cases the 1972 Building Act is still in force. As a result, no new planning principles could be implemented for years between the publication and approval of new land use plans, and important projects remained blocked. The IV. Amendment to the Planning and Building Act closes this gap and implements the motion to avoid a planning standstill. The aim is to ensure the municipalities’ ability to develop and at the same time create legal clarity.

    Two approaches for greater planning certainty
    The government is pursuing two approaches to achieve this. On the one hand, special land use plans that are still materially based on the old law can continue to be approved until the new framework land use plan has been approved by the Office for Spatial Development and Geoinformation. If such a plan is compatible with the future regulations, it can be converted into a PBG-compliant special use plan without having to restart the procedure. On the other hand, under the new law, special land-use plans may be published and approved as soon as the revised framework land-use plan has been published. Depending on their compatibility with the old law, they enter into force either immediately or only when the new plan comes into force.

    Extended deadline for local planning revisions
    In addition, the government is proposing to extend the deadline for adapting the municipal framework land use plan to the new Planning and Building Act from 2027 to 2030 across the board. Experience to date has shown that many municipalities are unable to complete their extensive planning work within ten years. The deadline can also be extended further on an individual basis upon justified request. The new provisions combine legal certainty with flexibility and thus form an important basis for orderly settlement development, reliable investment decisions and the implementation of the canton’s spatial planning objectives.

  • Federal government supports 33 model projects for tomorrow’s spatial planning

    Federal government supports 33 model projects for tomorrow’s spatial planning

    The model projects are seen as a field of experimentation for municipalities, regions and private organizations that want to tackle current challenges with new methods. These include an ageing population, housing shortages, a lack of space for sport and exercise, the decline in biodiversity and gaps in basic services in rural areas. What is needed are bold, directly implementable projects whose experiences can serve as a model for other regions. This funding instrument has been in existence for 25 years and is now supported by nine federal agencies from four departments under the leadership of the Federal Office for Spatial Development ARE.

    33 projects, six thematic priorities
    33 projects were selected for the 2025-2030 program generation and allocated a total of CHF 4.274 million. In addition to financial support, the projects will receive technical support and assistance with knowledge transfer, especially if solutions prove successful. The projects are divided into six thematic priorities.

    • Strengthening central functions in rural and mountain regions
    • Improving the quality of life through biodiversity and attractive landscapes
    • sport and exercise-friendly settlement planning
    • more sustainable regional food systems
    • sustainable housing through conversion and transformation of existing buildings
    • Co-creation of local services

    Broad federal sponsorship
    In addition to the ARE, the Federal Roads Office, the Federal Office for the Environment, the Federal Office of Public Health, the Federal Office of Culture, the Federal Office of Sport, the Federal Office for Agriculture, the Federal Office for Housing and the State Secretariat for Economic Affairs are involved. These federal agencies contribute their expertise and ensure that successful model projects also have an impact on other regions and programs. Some earlier projects have already been recognized with prestigious awards such as the Wakker Prize. The new projects will start at the beginning of 2026 and are intended to show how sustainable spatial development can be shaped on the ground.

  • Polysportive lighthouse project takes shape

    Polysportive lighthouse project takes shape

    After many years of planning, construction has now begun. A large polysport complex is being built on the Dürrbach site for around CHF 65 million, realized by HRS Real Estate AG as total contractor. The new building is set to open in fall 2026 and will mark a new sporting focal point in the Glattal.

    Over 30 sports under one roof
    The project is being supported by Zurich Tennis and the Zurich Gymnastics Association, which together unite almost 100,000 sports enthusiasts in the region. The plans include modern halls for tennis and gymnastics, specialized training areas and space for numerous other indoor sports. The offer will be complemented by sports infrastructure, overnight accommodation and facilities for sports medicine and regeneration. The sports center is designed for year-round operation of popular and elite sports.

    Campus for sport and training
    The new sports center will also be home to the Zürcher Oberland Art and Sports School. This will create a campus that combines training, school and talent development in terms of space and content. Young athletes will find ideal conditions on site to combine sporting ambitions and training.

    Beny Ruhstaller strengthens strategic management
    Beny Ruhstaller recently joined the Board of Directors of Sportzentrum Dürrbach AG. He is not joining primarily as a construction specialist, but as an expert in the world of gymnastics. Thanks to his previous activities for the Zurich and Swiss Gymnastics Associations, he brings many years of association experience, a broad network in gymnastics and tennis and a keen sense of the needs of athletes. This strengthens his ambition to develop the Zurich Sports Center into a forward-looking platform for sport, training and exercise in the region.

  • Location policy in transition

    Location policy in transition

    Basel-Stadt has responded to international developments in the area of tax and location promotion with a revision of the Location Promotion Act, which was clearly approved by the Grand Council and the electorate in 2025. At the heart of Basel’s location package are two funds into which the cantonal government can pay between CHF 150 and 500 million annually, depending on the canton’s financial situation. 80 percent of the funds will flow into the promotion of innovation and 20 percent into the areas of society and the environment. A maximum of 300 million Swiss francs will already be allocated in the current year.

    Social added value through parental leave
    One component is support for voluntary parental leave that goes beyond the legal requirements. Companies that voluntarily grant their employees parental leave that goes beyond the statutory provisions can be reimbursed for up to three weeks of additional salary costs for mothers and fathers. This regulation strengthens the compatibility of work and family life and promotes a modern, inclusive work culture. A factor that is becoming increasingly important in the international competition between locations.

    Energy transition as a locational advantage
    The environmental section of the programme supports companies in Basel City that make targeted investments in decarbonization and energy efficiency in the canton and in Switzerland. Contributions are granted based on CO² savings achieved or energy saved. The canton can cover up to 40 percent of the investment costs of implemented measures. The reduction of the emission intensity of direct greenhouse gas emissions worldwide is also eligible for funding. The Basel location package complements and reinforces the other measures of the cantonal climate protection strategy with the goal of net zero by 2037. Basel-Stadt is thus setting standards throughout Switzerland for a practice-oriented climate policy that combines responsibility with economic rationality.

    Innovative strength from Basel for Switzerland
    The most important part of the Basel location package is the area of innovation. Here, the Canton of Basel-Stadt contributes to the personnel expenses of Basel-based companies for research and development. Depending on their size, companies benefit from graduated subsidy rates of up to 28% and additional contributions for depreciation on equipment for research and development and high-tech production. The canton also supports companies’ expenditure on clinical trials in Switzerland. This strengthens the canton’s profile as a leading innovation location and life sciences hub in Europe.

    A new balance between business and society
    The Basel location package is more than just a funding program. It is a strategic course-setting exercise to harmonize competitiveness, sustainability and social responsibility. The close involvement of business and politics has created a model that radiates beyond Basel – as an example of modern, future-oriented location promotion.

  • Renewable heating with district heating

    Renewable heating with district heating

    District heating is an important part of Basel’s climate strategy. Over 6,500 households and businesses are now supplied with environmentally friendly heat via 130 kilometers of district heating pipes. This is largely generated by using waste heat from the waste incineration plant and wood-fired power stations, which significantly reduces CO² emissions. By 2037, the network will grow to 180 kilometers and supply a large part of the city. The cycle works efficiently by heating hot water centrally, transporting it to customers, collecting it there and feeding it back into the plants.

    Innovative production
    A master plan forms the basis for ensuring that only renewable sources and waste heat are used to generate heat from 2035 onwards. IWB is relying on a large heat pump, which will use and label waste heat from wastewater treatment, to meet the increase in heat sales resulting from customer growth.

    Decarbonization and coordinated expansion
    The political mandate is clear. The canton of Basel-Stadt must become climate-neutral by 2037. IWB is investing over 450 million Swiss francs in the expansion of the district heating network and the associated infrastructure. At the same time, the gas network will be decommissioned in stages. For gas-heated properties, the transition will be planned early and transparently. The owners are informed at least three to four years before the shutdown and can apply for subsidies to replace the heating system. An interim solution can also be used to bridge the gap until district heating is connected.

    Planning the network expansion is a logistical and organizational feat. The expansion of district heating is coordinated with road renovations, greening, the renewal of electricity and water pipes and traffic planning measures. In densely populated districts, optimized construction times and efficient work processes are crucial. From planning to implementation, the Department of Construction and Transport, IWB and Basler Verkehrs-Betriebe work in partnership and in close coordination.

    Attractive connection solutions for owners
    Whether individual, multiple or shared connections, district heating can be obtained according to customer requirements. Cooperative connection models are becoming increasingly important, particularly in Basel’s city center, but also in densely populated districts. In the case of multiple connections, neighboring buildings are connected via house-to-house lines; in the case of community connections, several properties share a central heating station, which saves space and costs. Each property remains technically independent, but benefits from attractive conditions and efficient operation.

    Basel as a role model for the urban heat transition
    With the ambitious expansion of district heating and the gradual phasing out of fossil fuels, Basel-Stadt is focusing on a climate-friendly heat supply in the urban environment. The combination of renewable production, intelligent grids, coordinated expansion and cooperative connection models makes the transformation a successful example of a sustainable energy policy. For Basel, the region and Switzerland.

  • What the new Spatial Planning Act can do

    What the new Spatial Planning Act can do

    A central point of criticism concerns the possibility of using agricultural buildings that are no longer in use outside of building zones for residential purposes. Kappeler emphasizes that this is only possible within the framework of the so-called territorial approach. Cantons can designate special use zones for clearly defined areas, for example to preserve and further develop traditional cultural landscapes. Only in such areas are conversions permitted under strict conditions, and the Second Homes Act with the 20 percent threshold for second homes continues to apply. In the view of the ARE, this selective flexibility is not a softening, but a specifically controlled instrument for regional characteristics.

    Separation principle with stabilization target
    The core concern of RPG2 is to strengthen the principle of separation between building and non-building areas. This is now supplemented by a stabilization objective. The building stock and sealed surface area as at 29 September 2023 are the decisive factors against which future development outside the building zones will be measured. If cantons do not achieve this stabilization, they must take additional measures. Parliament deliberately did not want a rigid cap, but rather limited flexibility with a clear upper limit. This gives building outside of building zones an additional barrier without completely blocking sensible adjustments.

    Demolition premiums and pioneering work by the cantons
    Another pillar of the revision is the demolition premium for buildings outside of building zones. The federal government anticipates 1,000 to 2,000 demolitions per year at an average cost of CHF 20,000 to 30,000, resulting in an annual volume of CHF 20 to 60 million. This is to be financed jointly by the federal government and the cantons. This is a challenge for the latter, as they have to develop and implement stabilization strategies at the same time. The ARE draws up guidelines, approves the cantonal strategies and monitors their effectiveness; if the measures are not effective, sanctions are envisaged.

    Renewable energies and tourism businesses
    In the final phase of parliamentary deliberations, additional provisions on renewable energies outside building zones were included in the law. Under certain conditions, plants for the commercial use of biomass or methanation are to be permitted in less sensitive areas, with the details being specified at ordinance level. Another controversial issue is the simplified further development of existing hospitality and accommodation establishments. Hotels and restaurants outside of building zones will be given more leeway for modernization and expansion. Often without a comprehensive planning procedure and participation, if a building permit is sufficient. Critics see this as a weakening of the principle of separation, while supporters point to the need to ensure the economic viability of existing businesses.

    Tougher action against illegal building
    Kappeler cites the new regulations against illegal building as a clear strength of the revision. Authorities must now issue a mandatory ban on illegal use. This is a powerful instrument, as a building that cannot be used quickly loses its attractiveness. In addition, municipalities can no longer decide on their own not to restore the building to its legal state. In future, such a waiver will require the approval of the canton. RPG2 thus combines more differentiation and leeway where planning is justified with stricter rules, measurable objectives and more consistent enforcement outside of building zones.

  • Swiss economy between a damper and confidence

    Swiss economy between a damper and confidence

    After two consecutive declines, the KOF Business Situation Indicator is below the level of the summer, but still above the lows of August and September. Economic momentum remains moderate, a weak but stable foundation. The business situation has deteriorated further, particularly in the manufacturing sector. Production and purchasing policies are stagnating and price increases are being planned less frequently. Despite this, expectations for exports and order books are increasingly optimistic. Many companies anticipate a slight improvement in the first half of 2026.

    Inconsistent sector trends
    The situation is developing differently across all sectors. Project planning offices, financial and insurance service providers and other services are reporting flatter business development, while the construction and retail sectors are seeing a slight recovery.

    These contrasts are also evident in expectations. Confidence prevails in the construction industry and among financial and insurance service providers, while retailers and planning offices are somewhat more cautious. The retail trade recorded the second consecutive decline in its expectations indicator. This is a sign that consumer trends are only hesitantly consolidating.

    The gloom remains
    From a regional perspective, the current business situation is falling in all parts of the country. Central Switzerland, Espace Mittelland, Eastern Switzerland, Zurich and Northwestern Switzerland are particularly affected. The decline remains more moderate in Ticino and the Lake Geneva region. The indicator shows that economic pressure is being felt throughout the country, despite stable exports and services.

    Economic clock shows cautious recovery
    The KOF illustrates the tension between the present and the future. The situation remains below average, while the prospects are above average. With a tentative recovery in 2025, the Swiss economy has not yet moved into a genuine upswing. Nevertheless, the increasing brightening of expectations is a harbinger that 2026 could bring better momentum. Supported by robust service sectors, stable export expectations and a gentle recovery in construction.

    At the turn of the year, the Swiss economy continues to be characterized by stability with slight headwinds. While the present is characterized by a slower pace, many companies are looking ahead optimistically in the hope that 2026 will be the year of a genuine economic recovery.

    KOF Business Situation Indicator (source: kof.ethz.ch)
  • New management confirmed for Stadtwerk Winterthur

    New management confirmed for Stadtwerk Winterthur

    The Winterthur City Council has confirmed Martin Emmenegger as the new Director of Stadtwerk Winterthur, according to a press release. Emmenegger is currently Head of the Networks Division and a member of the Executive Board of Elektrizitätswerk Zürich(ewz). He was previously Head of the Electricity and Telecommunications Division at Stadtwerk Winterthur for four years.

    Emmenegger has a degree in electrical engineering from the Zurich University of Applied Sciences. The 57-year-old succeeds Marco Gabathuler, who has managed the municipal utility since 2017 and will retire in January 2026.

    “With Martin Emmenegger, we have chosen a motivating personality who can successfully lead Stadtwerk Winterthur into the future,” said City Councillor Stefan Fritschi in the press release.

  • Strategic acquisition focuses on specialized commercial areas

    Strategic acquisition focuses on specialized commercial areas

    Swiss Life Asset Managers aims to strengthen its position in the life sciences sector with the acquisition of Schlieremer Gewerbe- und Handelszentrum AG(GHZ), as detailed in a press release. GHZ has developed the Wagi site that belongs to it. A total of around 250 companies and organizations from the life sciences sector are now based there on a rental area of 143,000 square meters, providing more than 2,400 jobs. The Bio-Technopark Schlieren is also located on the site.

    The GHZ site will be retained, the employees will be kept on and GHZ Managing Director Walter Krummenacher will continue to act as a contact person for the tenants and develop the site with his employees. “We are very happy to have found a reliable partner in Swiss Life Asset Managers that shares our values and our long-term commitment to real estate and life science as a contribution to society. In this way, the vision of our founder Leo Krummenacher will be carried into the future”, Walter Krummenacher is quoted as saying in the press release.

    With the acquisition of the “dynamic and fast-growing center with long-term value creation potential”, Swiss Life Asset Managers wants to underline its focus on investments in the Living, Logistics, Light Industrial and Life Science and Tech (“4L”) sectors. “We are delighted to continue the impressive development of the site with the experienced team at GHZ. Swiss Life Asset Managers is convinced of the attractiveness and future strength of life science real estate, as it is of great importance for our economy as well as for our society,” says Paolo Di Stefano, Head of Real Estate Switzerland at Swiss Life Asset Managers.

  • Modernized shopping center boosts usage and energy efficiency

    Modernized shopping center boosts usage and energy efficiency

    Schlieren-based Halter AG has completed the modernization and redesign of the Signy Centre in Signy-Avenex. The renovation included two buildings with administrative and commercial space, three floors with around 50 stores and five parking decks with a total of around 1,100 parking spaces. According to Halter, the project started in 2023 and has now been completed with the official handover to customers.

    As part of the renovation, the technical systems and security facilities in the Signy Centre were modernized. Halter also redesigned the shopping center and its outdoor facilities. According to the company, the completed renovations increase the comfort and safety of employees and customers in the shopping center. The site’s energy and environmental footprint has also been improved.

    The project also involved the companies Burckhardt and ARFOLIA, which were responsible for the architecture and landscape architecture respectively. While sd ingénierie was involved as the civil engineer, Caeli Ingénierie took on the role of technical engineer. The last fire protection engineer was srg engineering.

  • Fresh capital for data-based planning in the construction industry

    Fresh capital for data-based planning in the construction industry

    The Zurich-based start-up vyzn has successfully completed its seed financing round. According to a press release, this was led by the venture capital companies Spicehaus Partners from Zug and Kiilto Ventures, part of the Kiilto chemicals group based in Finland. Other strategic investors from the construction and real estate sectors were also involved. The amount of the newly raised capital is not disclosed. The capital is now intended to pave the way for expanding the portfolio and driving growth.

    The spin-off from the Swiss Federal Institute of Technology in Zurich(ETH) is led by the founding team, which includes CEO Adrian Henke, CTO Romana Rust, COO Martino Tschudi and CCO Michael Sinniger. The aim is to transform the planning of new construction and renovation projects with the help of data-based analyses. And soon, it is said, the vyzn software will cover more than just life cycle assessment and energy efficiency and enable early, precise and cost-effective planning iterations. The integration of data on recyclability, cost estimation and thermal comfort has also been announced. The basis for this is a recent technological breakthrough: vyzn can now automatically convert architectural models into fully simulatable 3D models.

    Growing demand from European markets is emphasized. Expansion into Germany is imminent; the vyzn software is set to be used by the first customers there as early as the beginning of 2026. The start-up is also looking to expand its team with a view to further expansion. Customers already include over 50 companies such as Zurich Airport, Implenia, Halter, Pensimo and Amstein-Walthert.

    “With vyzn, we are breaking down the data silos in planning,” says vyzn CEO Adrian Henke. “Our customers use our platform to resolve the contradiction between economical and sustainable construction.”

  • Business award recognises industrial expertise and regional roots in Thurgau

    Business award recognises industrial expertise and regional roots in Thurgau

    GLATZ AG from Frauenfeld has secured the Thurgau Business Award 2026, which is presented annually by the Thurgau Chamber of Commerce and Industry, the Thurgau Trade Association, the Thurgau Cantonal Bank and the Department of Home Affairs and Economic Affairs.

    According to a press release, the family business impressed the jury with its combination of cross-generational business activities, international competitiveness and regional loyalty. With its patented sunshade frames, a high level of vertical integration, an in-house sewing workshop and uncompromising quality standards, GLATZ AG is a trendsetter in shade solutions – at a time when the international low-cost market is squeezing out many competitors. The large sunshades from Frauenfeld, which can withstand wind speeds of up to 115 kilometres per hour, are exported from Thurgau to over 50 countries.

    “The company has been firmly rooted in Thurgau for over 130 years – and at the same time carries the quality and innovative spirit of Thurgau as a centre of industry out into the world,” says Thomas Koller, jury president of the Thurgau Business Award.

    The move to the new headquarters on Langfeldstrasse in Frauenfeld in 2024 shows that GLATZ AG will remain rooted in Thurgau in the future. The new building, which combines research and development, production, administration and a modern training centre under one roof, was also built with a focus on sustainability. Photovoltaic systems, energy-efficient heating and cooling systems and shorter transport routes reduce the CO2 footprint.

    The award ceremony will take place on 15 April 2026 at GLATZ AG in Frauenfeld.

  • New heating network combines climate protection and regional value creation

    New heating network combines climate protection and regional value creation

    The Maisprach heating network in the canton of Basel-Landschaft and the Basel-based energy supplier IWB have launched a new project to supply heat from regional raw materials. Since the beginning of December, energy has been generated from a wood-fired boiler and a biochar plant and fed into the heating network, according to a press release.

    The municipality of Maisprach laid the foundations for this step in January 2025 with the construction of a new depot. IWB initially set up new wood heating systems there. This was followed in November by the construction of the biochar plant. Every year, 250 tonnes of biochar are to be produced here from landscape conservation wood and biomass through pyrolysis. The waste heat from the charcoal production will be fed into the district heating network. The operators anticipate 900 megawatt hours of heat energy for network customers, with a further expansion of the network on the horizon. The wood-fired boiler is also fuelled by regional biomass. The biochar produced is used in the region as an additive for composting, in soil substrates and in agriculture. IWB invested CHF 3.5 million in the project.

    “IWB has experience in the construction and operation of heating plants. As part of a pilot project in Basel, IWB tested the innovative approach of utilising waste heat from a biochar plant in a heating network. We can now benefit from this,” said Dorian Wernli, Mayor of Maisprach, in the press release.

  • Timber construction sets new standard for cantonal buildings

    Timber construction sets new standard for cantonal buildings

    Architect Markus Schietsch has received a silver Hase Architecture Prize from “Hochparterre” for his new construction of the cantonal AVS building in Unterentfelden. The prize was awarded on December 2 at the Zurich Museum of Design. It recognizes the architectural quality of the building and the consistent implementation of sustainable construction methods.

    The new building with its laboratory and office workstations for currently 80 employees was officially opened on October 25, 2024 after two and a half years of construction. The construction work was planned and carried out by Immobilien Aargau.

    “The award confirms the path we have taken,” said Cantonal Councillor Dr. Markus Dieth in a press release. “The canton of Aargau invests in sustainable, economical and high-quality buildings that also take cost-efficient construction into account. I would like to congratulate Markus Schietsch and the Aargau Real Estate Department on this success.”

    According to Schietsch, this award shows “that careful planning, a clear architectural approach and the courage to use sustainable materials such as wood are more in demand today than ever before”. Head of office and cantonal chemist Dr. Alda Breitenmoser emphasizes that the new building offers “optimal working conditions” for consumer protection: “The architecture supports our work processes, creates a pleasant indoor climate and shows that modern administration can be ecological and functional at the same time.”

    At the beginning of November 2025, the new AVS headquarters received an award from the Pro Holz Aargau wood network for its timber construction.

  • Sustainable office property strengthens real estate portfolio

    Sustainable office property strengthens real estate portfolio

    Swiss Prime Site has acquired a new office property on Pfingstweidstrasse in Zurich-West, as detailed in a press release. The property, which has a rental area of 19,000 square meters and a net yield of 3.8 percent, is already fully let to the stock exchange operator SIX Group Services AG.

    The acquisition marks the last major investment of the CHF 300 million capital increase for growth investments from last February. In April and August, Swiss Prime Site had already used the funds to acquire office properties in Geneva and Lausanne. All new acquisitions generate yields that are significantly higher than the portfolio yield and increase the net asset value (NAV) per share as well as the funds from operations (FFO) per share.

    Swiss Prime Site and the private seller have agreed not to disclose the purchase price of the property. Due to the recent year of construction, the sustainable construction method and the office building’s district heating connection, Swiss Prime Site expects a BREEAM sustainability rating of “very good”.

    “The transaction underscores our focus on first-class, centrally located office properties and shows how agile we are in deploying fresh capital for sustainable growth. It is particularly pleasing that we were able to acquire this prestigious property – used by the Swiss stock exchange as our country’s central infrastructure – as part of an exclusive purchase review and thanks to the trusting cooperation with the seller”, René Zahnd, CEO of Swiss Prime Site, is quoted in the press release.

    With the three acquisitions made and a reduction in the planned property sales as part of capital recycling, Swiss Prime Site expects an increase in rental income of CHF 20 million from 2026. The transaction was completed on December 1, 2025.

  • Expansion of the recycling of building materials in Europe

    Expansion of the recycling of building materials in Europe

    Zug-based Holcim AG intends to significantly expand its portfolio in the recycling of building materials in Europe. According to a press release, the international building materials company has acquired two demolition companies in England and Germany and is preparing to take over a third in north-west France. These three companies currently recycle 1.3 million tons of construction waste annually.

    The new acquisitions include Thames Materials from West London and A&S Recycling GmbH from Hanover. The company, which operates in north-west France, has not yet been named by Holcim. With Thames Materials, Holcim is now operating in the Greater London area. Holcim had already acquired the logistics company Sivyer Logistics in East London in 2023. A&S Recyling processes demolition materials in northern Germany with three locations in the German state of Lower Saxony. With the takeover of the French company, Holcim is increasing the number of recyclers it manages in the country to 28.

    “The acquisitions of Thames Materials, A&S Recycling GmbH and a recycling company in northwest France will further strengthen our leading position in circular construction and contribute to our NextGen Growth 2030 target of recycling more than 20 million tons of construction demolition materials annually,” Milan Gutovic, CEO of Holcim, is quoted as saying in the press release.

  • A new giant reorganizes the insurance market

    A new giant reorganizes the insurance market

    Since December 5, 2025, it has been clear that Helvetia and Baloise will only operate together as Helvetia Baloise Holding Ltd, listed on the SIX and with the abbreviation HBAN. Baloise has been legally merged into Helvetia, but the new brand is deliberately presented as a joint project with two strong roots. The last day of trading in Baloise shares marked a historic cut. Just three days later, the new Helvetia Baloise shares were traded for the first time.

    The merger will create an insurer that will change the industry through its sheer size. With over 22,000 employees, a gross premium volume of around CHF 20 billion and more than two million customers in Switzerland alone, Helvetia Baloise is the largest all-lines insurer in the country. A market share of around 20 percent is a clear statement: this group wants to play an active role in shaping the rules of the game in the Swiss insurance market.

    Power, markets and billions
    There is a clear rationale behind the merger: bundling synergies, reducing duplication and increasing clout. Helvetia Baloise is announcing annual cost synergies of around CHF 350 million, in addition to existing efficiency programs. For the capital markets, the message is as clear as it is attractive. Dividend capacity is set to increase by around 20 percent by 2029.

    For the market, this means a new pole of stability and competition. Such a large player can invest in technology, digitalization and new products in a way that smaller providers find more difficult. At the same time, there is growing pressure on other insurers to follow suit, forge alliances or occupy niches. The merger is therefore more than just a corporate deal. It is a signal of an imminent reorganization in the Swiss insurance market.

    Between new beginnings and job cuts
    The flip side of the synergies is the announced job cuts. Over the next three years, 2,000 to 2,600 jobs are to be cut, primarily in areas where duplicate structures currently exist, in administration, IT and the back office. The Group is emphasizing that the reduction will be as socially responsible as possible, with natural fluctuation, early retirement and internal transfers. For many employees, the merger means uncertainty, reorientation or parting.

    At the same time, Helvetia Baloise is making a clear commitment to Basel as a location. The Group remains anchored in the city on the Rhine and is positioning itself as an important employer and economic anchor in the region. Which locations will be strengthened, merged or scaled back will be communicated step by step, a long integration process that will be felt for years to come.

    What will change for customers
    Many things will remain stable for customers for the time being. Existing insurance contracts will continue to run under the agreed conditions, and the merger does not give rise to an extraordinary right of termination. In legal terms, rights and obligations will automatically be transferred to Helvetia Baloise. Initially, this should hardly be noticeable in everyday life.

    In the medium term, however, the picture is likely to change. Product ranges will be harmonized, duplicate offers will be eliminated and the more attractive or more efficient offer will be continued. The aim is to create leaner, more comprehensible product lines and a broader, standardized offering from a single source. From household contents to motor vehicle and buildings insurance. The Group intends to outline exactly what this new modular product system will look like as part of further integration communication and at an investor day in April 2026.

    A new beginning withan open outcome
    The merger of Helvetia and Baloise is more than just a balance sheet transaction, it is a new beginning with an open outcome. For Switzerland as an insurance center, the new giant brings strength, speed and investment power. For employees, it means both opportunities in a larger organization and the risk of losing their jobs. And for customers, it promises a more focused, modern offering in the long term if the Group succeeds in translating its size into tangible added value.

  • Expansion of Basel SBB West station

    Expansion of Basel SBB West station

    Basel SBB station has long since reached its limits. Over 140,900 people use it every day, and the trend is rising. With the Basel SBB West project, the partners are preparing the station for this development. A comprehensive extension is planned in the west of the site, where the train stop will be moved further west in future and additional access to urban traffic will be created. Two closely linked sub-projects form the core, the Margarethen platform access and the new construction of the Margarethen Bridge.

    The new passenger bridge for the Margarethen platform access is to run parallel to the existing Margarethen Bridge. It will be around 16.5 meters wide, have stairs, escalators and lifts and provide access to all platforms. To make this possible, SBB is extending several platforms to the west and adapting the track layout. The project thus responds to the expected growth in rail traffic and at the same time relieves the existing passerelle at the main station.

    Linking rail and city
    In addition to rail planning, urban integration plays a central role. The canton of Basel-Stadt is planning a new multimodal transportation hub to the west of the station, at the Markthalle site. Here, the transfer between train, streetcar, bus and bicycle is to become even more efficient in future. This reorganization will relieve the overcrowded Centralbahnplatz and enable a more balanced traffic regime in the city center.

    The Margarethen platform access is more than just a bridge. It will become a link between the new urban traffic axes and the rail network. It offers space, light and orientation. Features that are particularly important in highly frequented traffic zones.

    A new Margarethen Bridge with a signal effect
    The second sub-project is dedicated to the renewal of the Margarethen Bridge. The existing bridge is owned by SBB and only meets current safety requirements for heavy goods traffic with restrictions. In addition, it does not meet the future requirements of SBB and the canton on both the rail and road sides. The new bridge will therefore not only be structurally more efficient, but also significantly wider – 27 meters compared to 16.3 meters today. This will create space for a barrier-free streetcar stop in the middle of the bridge as well as wider footpaths and cycle paths.

    A temporary auxiliary bridge is planned during the construction period. The possibility of integrating this temporary structure into the new building at a later date is being examined. This solution should minimize construction interruptions and ensure urban mobility during the entire implementation phase.

    The winning project by Penzel Valier
    In the spring of 2025, an assessment panel of independent experts and representatives from SBB and the canton evaluated the proposals of six interdisciplinary planning teams as part of a study commission. The contract was awarded to Penzel Valier. Their design impresses with a generous, flexibly expandable roof that spans both the new streetcar stop on Margarethenbrücke and the platforms. This creates a hall-like space that characterizes the western part of the station.

    The roof fulfills several functions at the same time. It brings daylight onto the platforms, protects against the weather and allows the installation of photovoltaic systems and greenery. In terms of urban planning, this creates a harmonious link between the SBB station, the listed SNCF hall and the adjacent Gundeldingen and St. Johann districts.

    The SNCF hall itself will be retained in the context of the French part of the station and in its function as a platform canopy. This was a key concern of the conservation authorities. The hall will be moved to the west to create space for the new track layout.

    Planning, financing and time horizon
    The Margarethen platform access is part of the 2035 national rail expansion phase. The federal government has already approved the planning and preliminary project planning. While the Margarethen platform access is financially secured, the funds for the implementation of the new Margarethen Bridge are still being decided. Both projects can be built technically independently of each other, but should be realized at the same time if possible.

    The planning requirements are high. They take into account ongoing rail operations, the protection of historic buildings and integration into the dense city traffic. Construction is currently scheduled to start in 2034 at the earliest. The project volume for both project elements (platform access and bridge) is estimated to be in the low to mid three-digit million range.

    More than infrastructure – a new entrance for Basel
    Basel SBB West will not only provide the city with a strategically important transportation hub, but also a new entrance to the city. The relocation of train traffic to the west will create space for clearer traffic routing, a better quality of stay and greater safety for cyclists and pedestrians. In future, travelers will experience shorter routes, generous spaces and intuitive orientation.

    The interaction between trains, streetcars, buses and bicycles will become more efficient, more sustainable and more pleasant. At the same time, the project forms the structural foundation for future expansions such as the possible Basel SBB underground station. In its entirety, Basel SBB West thus stands for a new generation of railroad stations – open, networked and future-proof.

  • The fifth generation of the Basel agglomeration program

    The fifth generation of the Basel agglomeration program

    New impetus for space and transport
    The program marks a decisive step in the joint planning of landscape, settlement and transport across national borders. Germany, France and Switzerland are pulling together to make mobility in the tri-national area more efficient, safer and more climate-friendly. In the coming years, eleven new transport hubs will be built along the tri-national S-Bahn and Basel-Stadt is investing in a fully electrified bus fleet. Around 200 million francs have been earmarked for the upgrading of municipal streets and the promotion of pedestrian and bicycle traffic.

    Mobility with a future
    In essence, it is about more than just infrastructure. The agglomeration program is a coordinated response to the complex mobility needs of a region that uses busy international transport routes on a daily basis. The integrated planning of public transport, private transport, footpaths and cycle paths is intended to reduce traffic congestion and CO² emissions. The priority is to develop a sustainable transport system that increases the quality of life and attractiveness of the location.

    Broad political support
    Esther Keller, member of the cantonal government and President of Agglo Basel, emphasizes the success of the cross-border cooperation, which has been in existence for over 15 years. Isaac Reber, Director of Construction in Basel, sees the large number of small and medium-sized projects as the backbone of progress. Jean-Marc Deichtmann from Saint-Louis and Marion Dammann from Lörrach also emphasized the strategic horizon. This ranges from multimodal platforms to citizen participation that strengthens climate protection and spatial quality.

    Looking ahead to the sixth generation
    Work has already begun on the 6th generation agglomeration program. Submission to the federal government is planned for 2029, with the construction phase starting in 2032. The Agglo Basel association is continuing the coordination and ensuring that space, transport and landscape in the border triangle are not considered separately, but as a coherent project for the future.

  • Master builders and trade unions agree on new national collective agreement

    Master builders and trade unions agree on new national collective agreement

    In the tenth round of negotiations, the delegations from SBC, Unia and Syna reached a negotiation result on December 12, 2025 for a new national collective agreement that will apply from 2026. The previous collective labor agreement for around 80,000 construction workers expires at the end of the year and therefore had to be revised. Both sides emphasize that they have come together on key points in order to ensure planning security and competitive working conditions.

    Six-year term and new working time models
    The new LMV is designed for six years and will apply from the beginning of 2026 to the end of 2031 – an unusually long horizon that should bring stability to an industry characterized by a shortage of skilled workers and economic uncertainties. New working time planning will be introduced from January 1, 2027. Companies can now choose a model with constant daily working hours and accept more overtime and reduced hours in return. In addition, overtime regulations will be simplified and it will be possible to build up a long-term vacation account, allowing employees to save up overtime and take it later as extended time off.

    Travel time, bonuses and inflation
    A key point of the agreement concerns travel time, which plays a major role on construction sites throughout the country. In future, the regulations are to be structured in such a way that they can be declared generally binding. Above a certain level, travel time will be counted as overtime. In addition, there is a wage package with substantial increases in bonuses and allowances in underground mining, where the workload is particularly high. There are also plans to cover inflation so that the real wages of construction workers are not eroded in an environment of rising living costs.

    Focus on the attractiveness of the construction industry
    With the new agreement, the social partners are pursuing the common goal of strengthening the construction industry as an employer. For current employees as well as for future skilled workers. More modern working time models, clearer rules on travel time and improved bonuses are intended to improve conditions in a physically demanding occupational field. At the same time, companies will receive a reliable framework for planning projects, retaining staff and making long-term investments.

    Decision still pending
    The outcome of the negotiations is an important breakthrough, but not yet the final point. On the part of the Federation of Master Builders, an extraordinary delegates’ meeting on December 17, 2025 will decide on final acceptance. For the Unia and Syna trade unions, the professional conferences will make the decision in January 2026. Only if both sides agree will the new national collective agreement come into force and set the guidelines for the world of work in the construction industry until 2031.

  • Hot concrete from Pompeii

    Hot concrete from Pompeii

    Roman concrete forms the backbone of many structures from port facilities to aqueducts that have withstood wind, weather and earthquakes for over 2000 years. Admir Masic’s research group at MIT has been investigating for years why this building material is so exceptionally durable, based on chemical analyses of ancient mortar. As early as 2023, the team formulated the hypothesis that the Romans did not use lime as a ready slaked paste, but mixed it dry as quicklime together with volcanic ash and only then added water.

    Pompeii as a preserved building site
    The latest investigations are based on a unique site in Pompeii. A construction site “frozen” by the eruption of Vesuvius in 79 AD with half-finished walls, piles of material and tools. In samples from the pre-mixed dry heaps, from walls under construction and from finished components, the researchers found not only the familiar white lime clasts, but also intact fragments of quicklime in the dry mixture. This suggests that the slaking reaction, i.e. the reaction of the burnt lime with water, only took place during the actual mixing and hardening of the concrete and not beforehand, as described in classical accounts.

    Contradiction with Vitruvius and how it is resolved
    In the 1st century BC, Vitruvius described in “De architectura” that lime was first slaked with water and then mixed with aggregates. The hot mixing technique that has now been identified deviates from this in that the lime is combined with volcanic ash as quicklime in the dry phase and the water is only added afterwards. Isotope analyses of the mortars show the characteristic carbonation processes that match this process and differ from mortars with previously slaked lime. Instead of completely “refuting” Vitruvius, experts tend to interpret the findings in such a way that his description does not reflect the entire spectrum of Roman practice. Regional or temporal variations such as hot-mixing appear to have been more widespread than long assumed.

    Self-healing concrete as a model for tomorrow
    The hot-mixing process generates considerable heat when quicklime and water come into contact, trapping reactive lime particles in the concrete structure. If microcracks form later, these particles can dissolve again, react with penetrating water and fill the cracks again. A self-healing mechanism that plausibly explains the longevity of Roman buildings. The new findings are being incorporated into the development of modern, sustainable concrete. The aim is to reduce CO₂-intensive binder content, massively extend the service life of buildings and thus reduce the consumption of resources in the construction industry. All in the spirit of an ancient model that is only now being fully understood chemically.

  • Swiss premiere in building automation

    Swiss premiere in building automation

    Today’s modern buildings are highly complex systems. They combine heating, cooling, ventilation, lighting, security, photovoltaics and storage solutions to form an integrated whole. Building automation ensures that these components work together optimally, with less energy consumption, more stable operation and greater comfort. In the context of the Energy Strategy 2050 and the decarbonization of the building stock, the need for specialists who understand both technology and data and system logic is growing rapidly. The state recognition of the Building Automation HF course takes this need into account and creates a clearly defined, quality-assured career path

    First state-recognized Building Automation HF in Switzerland
    sfb in Dietikon is the first university of applied sciences in Switzerland to successfully pass the recognition procedure of the State Secretariat for Education, Research and Innovation for its Building Automation HF course. The degree is thus federally recognized and embedded in the formal education system. According to the school management, this guarantees training that is geared towards the current requirements of the industry, standards and regulation and remains compatible in the long term. At the same time, the recognition strengthens the visibility of the profession vis-à-vis building owners, planning offices, energy suppliers and the real estate industry

    Practical profile from energy efficiency to building informatics
    In terms of content, the course has a clear practical focus. It teaches specialist skills in energy efficiency, building IT, networked systems and modern automation solutions. From sensor and control technology to data analysis and optimization in operation. The aim is to train specialists who can support the entire life cycle of smart buildings, from planning and design, project management, commissioning, operation, maintenance and ongoing optimization. This broad qualification creates the basis for sustainable, economical building solutions and enables companies to reduce operating costs, emissions and failure risks

    Specialists for the digital transformation in the building sector
    Building automation specialists HF work at the interface between technology, IT and operations. They understand building technology systems as well as data rooms, interfaces and security requirements. For companies in the fields of building technology, energy, facility management and real estate development, this means a tangible competitive advantage. They gain access to specialists who are proficient in the latest technologies and can also actively drive forward the digital transformation of buildings. According to sfb, it is precisely this profile that is in demand when it comes to putting smart building and net zero strategies into practice

    Course structure and target groups
    The recognized course is aimed at specialists with relevant basic vocational training in the electrical, HVAC, building or IT professions. In six semesters, the course leads to the final thesis and the protected title of “Certified Building Automation Technician HF”.

  • How the old real estate market is slowing down the new China

    How the old real estate market is slowing down the new China

    For years, the real estate sector was China’s most important growth engine. Build, sell, keep building. This was the simple formula that at times accounted for up to a third of economic output. With stricter requirements to limit debt, the leadership put the brakes on this model, triggering a creeping but persistent crisis.

    Evergrande was the visible turning point in 2021. The former industry star missed interest payments, became a global warning figure and suddenly made it clear how vulnerable the growth model was. Since then, developers such as Country Garden and now Vanke, which had long been considered stable, have come under pressure. A signal that the real estate sector has not yet bottomed out.

    Deflation, wealth shock and insecure households
    The real estate crisis is eating deep into the real economy. Residential real estate is the central store of wealth for Chinese households. When prices fall in series, the sense of security erodes. Those who see their own apartment as a retirement provision become reluctant to consume, invest and make major life decisions.

    Domestic consumption is correspondingly weak. Retail trade is growing at a rate well below previous levels and the economy is struggling with persistent deflationary pressure. Falling or stagnating prices may seem attractive in the short term, but they increase the debt burden in real terms and prolong the clean-up process in the real estate and financial system.

    Provinces in the debt shadow
    The situation of local governments is particularly delicate. Provinces and cities have accumulated a gigantic mountain of debt through land sales to developers and off-balance sheet financing companies. Land sales were the most important source of income, but were never enough to sustain the credit-financed construction boom and infrastructure programs. Now that sales are collapsing, the hidden debts are coming to light.

    Many regions are being forced into a silent diet. Investments are being postponed, spending cut, new infrastructure delayed. This has direct consequences for growth, employment and local businesses. The crisis is therefore less a loud crash than a slow pressure that weakens the system for years and restricts the scope for action.

    Old real estate-driven economy meets new tech power
    At the same time, China is presenting itself as a high-tech superpower. Electric car manufacturers, AI companies and internet companies that are reinventing themselves represent the “new China”. Politicians are focusing on a long-term technology strategy with a focus on electromobility, semiconductors, AI, renewable energies and robotics.

    However, this new economy is built on a foundation of the old, real estate-driven economic structure. Without stable domestic demand, reliable credit channels and household confidence, the tech sector will not be able to fully develop its dynamism. The path to success therefore does not lead past an orderly dismantling of the real estate sector, but through it.

    Growth targets as a boomerang
    Beijing is sticking to its ambitious growth targets. The target of “around 5%” is achievable because the state and state-owned companies are taking countermeasures in many areas. For conscious cadres on the ground, the signal remains clear: the numbers have to add up, if necessary with additional projects that have little economic impact.

    The result is new infrastructure and construction projects that support GDP in the short term but do not solve the structural problems. On the contrary, they prolong the debt cycle. This creates a tension between the official growth story and the real need for deleveraging in the real estate and local debt complex.

    What is at stake until 2026
    The coming years will determine whether China manages the transition from a debt-driven, real estate-heavy model to an innovation-based growth path. If a controlled contraction of the real estate sector can be achieved while at the same time strengthening consumption, productivity and future-oriented industries, the country can remain robust despite dents. If this balancing act fails, a scenario of sustained low growth with recurring bouts of deflation and growing mistrust among investors looms.

    The real estate crisis is not a marginal issue, but the central test of China’s ability to correct its economic course. The decisive factor will be whether the political leadership and administration find the courage to put short-term growth targets into perspective in favor of a more sustainable, less property-driven model and thus not allow the new China to be crushed by the old.

  • Real estate market 2026 stable tailwind from low interest rates, AI boom and scarce space

    Real estate market 2026 stable tailwind from low interest rates, AI boom and scarce space

    According to estimates, the Swiss National Bank is leaving the key interest rate at 0% for 2026 and signaling that the hurdles for a return to negative interest rates remain high. The conditional inflation forecasts of around 0.3% for 2026 and 0.6% for 2027 are clearly within the range of price stability and support a moderate growth scenario. For the real estate market, this means that short-term financing, particularly SARON mortgages, will remain attractive, while long-term fixed-rate mortgages will only benefit hesitantly from monetary easing.

    Real estate as an investment
    Wüest Partner has observed that investment properties with rental apartments will become significantly more expensive again in 2025, reflecting a high willingness to pay and strong confidence in the asset class. At the same time, prices for multi-family homes have reached a very high level, while earnings prospects and regulatory risks are dampening the imagination. A flattening of price momentum is therefore expected for 2026, both for residential yield properties and commercial properties. With clear differentiation according to location, property quality and ESG profile. Indirect investments such as public limited companies and funds continue to benefit from the low interest rate environment, but already carry high expectations in the form of above-average premiums.

    Boost in renovation, moderate new construction
    The combination of low interest rates and slowing construction price momentum is stabilizing the willingness to invest in construction. Nominal growth in construction investment of around 3.4% in new construction and 8.5% in renovation is expected in 2026, with the renovation sector receiving an additional boost from pull-forward effects related to the planned abolition of the imputed rental value. Many owners are likely to prefer energy-efficient renovations and refurbishments as long as maintenance costs are still fully tax-deductible. In the medium term, new construction activity could slow down again somewhat, as the number of new apartments in planning applications has recently declined.

    Rental and property market
    Following the sharp rise in rents in 2023 and 2024, the growth in asking rents has slowed considerably. Moderate growth in the national average is expected for 2026. At the same time, the reduction in the mortgage reference interest rate will provide relief for existing rents. This could lead to a slight decline in average rents for existing properties. Demand for residential property remains intact despite higher price levels. For 2026, price increases of around 3% are expected for single-family homes and slightly less for condominiums, albeit at a slower pace than in previous years.

    Investment outlook for 2026
    Zürcher Kantonalbank expects moderate global economic growth in 2026, driven by falling inflationary pressure and improved financing conditions. Advances in artificial intelligence are driving investment and providing an additional tailwind for US equities in particular, while uncertainty on the financial markets remains high. In this environment, broad diversification across asset classes and currencies is recommended, with selected areas of focus. Corporate bonds, Swiss real estate and small caps are considered attractive, supplemented by global corporate bonds and gold as stabilizing additions. Direct and indirect real estate investments therefore remain an important building block for long-term investors. Embedded in a portfolio that benefits equally from AI-driven growth and the persistently low interest rate environment.