Tag: Swiss Prime Site

New JED building in Schlieren to be built with Zirkulit

As early as October 2020, Swiss Prime Site opted for zirkulit® concrete for the new JED building in Schlieren. With the installation of 8300 cubic metres of concrete, a total of over 10,000 tonnes of primary resources were saved and 83 tonnes of CO2 were bound in the material. The use confirms the transformation to a circular economy and sets an example for future generations. With this concept, Swiss Prime Site aims to create flexible and sustainable space for diverse tenants.

Acting together
Circularity is an important element in ecology. Construction plays a decisive role here. Circular economy requires all actors who opt for circular construction.

The latest generation of concrete
Thanks to a special recipe, alternative concrete surpasses all previously known types of concrete in terms of sustainability. For the first time, circular concrete combines resource conservation with a minimal CO2 footprint and can be used throughout the entire house. The environmental properties are transparent and externally monitored. In order to achieve the transformation to a circular economy, building owners such as Swiss Prime Site need to opt for the alternative concrete.

July 2023
New JED building in Schlieren to be built with zirkulit

The new building on the JED site in Schlierem is being constructed by the developer Swiss Prime Site in accordance with the principles of sustainability. According to a media release, the concrete is circular. This first circular concrete was developed by Eberhard Unternehmungen. It is now produced by Zirkulit AG, which was founded in Kloten in 2021.

Thanks to a special recipe, zirkulit surpasses all previously known types of concrete in terms of sustainability. For the first time, zirkulit concrete combines the conservation of resources with a minimal CO2 footprint and can be used throughout the entire house, the statement says. With the installation of 8300 cubic metres of zirkulit concrete in the new JED building, a total of more than 10,000 tonnes of primary resources were saved and 83 tonnes of CO2 were bound in the material, it continues. The use of the concrete reinforces the transformation to a circular economy.

JED (Join.Explore.Dare) is the site of the former NZZ printing works. Swiss Prime Site has already converted existing buildings there, which are used by the anchor tenants Halter and Zühlke. The new building will add office and laboratory space on five floors with a rentable area of 14,000 square metres.

July 2023
Implenia takes over Wincasa

Implenia, based in Opfikon, is buying the real estate services provider Wincasa AG, based in Winterthur, from the Zug-based Swiss Prime Site Group. A contract to this effect was signed on 29 March, Implenia announced in a statement. The construction and real estate company intends to pay the purchase price of CHF 171.6 million from cash generated in its operating business.

The integration of Wincasa will expand the range of services offered by Implenia’s Buildings Division. “We will benefit from Wincasa’s knowledge and customer relationships,” Implenia CEO André Wyss is quoted as saying in the statement. In addition, the construction and real estate company expects sales synergies and additional recurring income. Wincasa’s margin on operating profit (EBIT margin) of 10 per cent is expected to help increase Implenia’s profitability.

Wincasa manages over 250,000 properties at the time of the sale. The company will retain its established brand name under the Implenia umbrella, Implenia explains. Following the sale of its real estate services provider, Swiss Prime Site intends to concentrate on its own real estate portfolio and asset management. “The sale of Wincasa and the discontinuation of Jelmoli’s operations from the end of 2024 will create a maximum streamlining of our company,” Swiss Prime Site CEO René Zahnd is quoted as saying in the statement.

April 2023
Switzerland's leading real estate company raises the bar

Swiss Prime Site reports a profit of CHF 267.4 million for the first half of 2022. In a year-on-year comparison, this corresponds to growth of 6.3 percent. With growth in cash flow (FFO growth) per share generated in the operating business of 7.2 percent, a vacancy rate reduced year-on-year from 4.7 to 4.4 percent and a real estate portfolio worth CHF 20 billion, the company has its own Targets for the year as a whole already achieved or even exceeded by the end of June, writes Swiss Prime Site in a press release . The real estate company is therefore increasing its targets for 2022.

The value of real estate assets under management is expected to be more than CHF 20 billion by the end of 2022. Previously, the target range for the real estate portfolio was CHF 19 to 20 billion. The upper limit for the vacancy rate will be lowered from 4.6 to 4.4 percent.

An operating result at EBIT level of around CHF 30 million is targeted for the Real Estate Funds division ( Swiss Prime Site Solutions ). So far, the bar had been between 27 million and 28 million francs. In the half year under review, Swiss Prime Site Solutions realized an EBIT of CHF 17.1 million.

Overall, the Group's operating result in the first half of 2022 was CHF 198.8 million, down CHF 15.4 million on the same period of the previous year. Swiss Prime Site attributes this to lower sales successes compared to the previous year. However, operating income increased by 2.5 percent to CHF 378.9 million.

August 2022
Swiss Prime Site selects four start-up ideas

Swiss Prime Site , a listed real estate company based in Zug, has identified and promoted four start-ups in its accelerator program that are rethinking existing business models in the industry: DuraMon from Zurich, Novalytica with offices in Bern and Zurich, Proximi from Helsinki and Spotr from Den Hague.

The participants had to develop relevant use cases for the real estate company and its subsidiaries, which lead to sustainable processes , improved efficiency and sustainable growth. Finally, the jury selected these four start-ups that were able to present themselves to the board of directors. The aim is a sustainable cooperation.

DuraMon believes in safer, more affordable and sustainable construction and repair solutions that reduce concrete infrastructure maintenance costs and carbon emissions. Novalytica supports companies in the development of clearly defined data strategies in order to generate business-relevant insights and tools.

Capable of relating any application to a specific location, Proximi’s platform provides tools for geofencing, delivers mobile content, automates IoT devices and integrates third-party interfaces. The start-up Spotr uses numerous image sources from people to satellites to analyze entire building portfolios in minutes.

“The Swiss Prime Site Accelerator is very well designed,” Yurena Seguí Femenias is quoted as saying by DuraMon. The experts asked the right questions and gave “informative and tailor-made advice”.

July 2022
Swiss Prime Site: Largest certified real estate portfolio in Switzerland

75% of the areas with sustainability certificates
As part of the comprehensive initiatives for sustainable business management, Swiss Prime Site will certify the majority of the Swiss real estate portfolio, which comprises around 180 properties and areas, before the end of the 2022 financial year. Based on an in-depth analysis of the various certification systems and a feasibility study, over a dozen pilot certifications have already been implemented in recent months. The goal is to have around 75% of the space in the real estate portfolio backed by certificates by the end of 2022. René Zahnd, CEO of Swiss Prime Site: “By certifying our properties, we are increasing transparency and at the same time establishing a frame of reference. In addition, we lay the foundation for creating long-term ecological, economic and social added value for all stakeholders. In addition, since last year we have linked our ambitious climate targets with our financing strategy. Every improvement in sustainability enables us to find more attractive financing.»

Climate-neutral real estate portfolio by 2040
The applicable environmental policy of Swiss Prime Site stipulates that all new construction, conversion and repositioning projects must be certified with a nationally or internationally recognized sustainability label. BREEAM In-Use, an internationally widespread certification system, is used for existing properties. In the case of development projects, the focus is on certification in line with the Swiss Sustainable Building Standard (SNBS).
“In addition to the certification, we create a potential analysis for each certified property, which results in measures to increase sustainability performance. Our ambitions for individual topics such as avoiding greenhouse gas emissions – in production and operation – or recycling management go beyond the fulfillment of the requirements,” explains Martin Pfenninger, Head Group Sustainability, the ambitions of Swiss Prime Site. Because the goals are clear: the design of sustainable living space and a climate-neutral real estate portfolio by 2040.

July 2022
Swiss Prime Site – General Assembly approves all proposals of the Board of Directors

Approval of the 2021 annual financial statements and the distribution of CHF 3.35
The 2021 financial statements were approved by the General Assembly. The distribution of CHF 3.35 per eligible registered share proposed by the Board of Directors was also accepted. This consists of an ordinary dividend from the distributable profit of CHF 1,675 gross per registered share (CHF 1,089 net after deduction of 35% withholding tax) and will be paid on March 30, 2022 (ex-date: March 28, 2022) as well as a distribution free of withholding tax from a capital reduction through a nominal value reduction of CHF 1,675 per registered share. The corresponding payment of the same is expected to take place on June 13, 2022 (planned ex-date: June 9, 2022).

Approval of the remuneration of the Board of Directors and the Executive Committee
The Annual General Meeting approved Swiss Prime Site AG’s 2021 remuneration report in a consultative vote. In addition, shareholders approved the total compensation for 2022 for the members of the Board of Directors and for the Group Executive Committee in two separate binding votes.

Election of Brigitte Walter to the Board of Directors and confirmation of the members of the Board of Directors
Brigitte Walter was newly elected to the Swiss Prime Site Board of Directors. The shareholders voted to re-elect Board members Barbara A. Knoflach and Gabrielle Nater-Bass as well as Board members Ton Büchner, Christopher M. Chambers, Mario F. Seris and Thomas Studhalter for a further term of office until the 2023 Annual General Meeting re-elected Chairman of the Board of Directors. The Audit Committee consists of Thomas Studhalter (Chairman), Christopher M. Chambers and Brigitte Walter and the Nomination and Compensation Committee consists of Gabrielle Nater-Bass (Chairman), Christopher M. Chambers and Barbara A. Knoflach. The Investment Committee consists of Barbara A. Knoflach (Chairwoman), Mario F. Seris and Brigitte Walter. The new Sustainability Committee consists of Ton Büchner (President) and Barbara A. Knoflach.

April 2022
Moody's classifies Swiss Prime Site as a good debtor

According to a statement by Swiss Prime Site , the rating agency Moody’s has given the Solothurn-based real estate company an A3 rating with a stable outlook. SPS sees a strong credit rating and confirms its own strategic orientation. “The rating expresses Moody’s conviction that the Swiss Prime Site Group is financially and strategically solid as a comprehensive real estate investment platform,” company boss René Zahnd is quoted as saying in the press release. In addition, it opens up “opportunities for the real estate company to raise foreign capital if necessary,” adds CFO Marcel Kucher.

“Four core elements” were mainly relevant for Moody’s A3 rating, according to the statement. The first of these core elements is the very high-quality real estate portfolio worth CHF 12.5 billion, which is well distributed regionally and diversified across stable types of use. In addition, the expansion of the business model to include real estate management and the financial flexibility achieved through the new financing structure were rated positively. As the fourth core element, the communication lists the good economic conditions in Switzerland and its stable real estate market.

February 2022
Swiss Prime Site Immobilien enters into a partnership with Superlab Suisse

Laboratory and research space provider soon with locations in Basel and Schlieren
The company Superlab Suisse, which already operates a location in Lausanne, provides operational and fully equipped research and laboratory space ("Lab as a Service"). The offer also includes operating services and other important services. Swiss Prime Site Immobilien and Superlab Suisse are planning to develop locations in Basel and Schlieren with a total area of over 10,000 m2 from 2022. The Stücki Park in Basel already houses a laboratory building and a technology park in which various life science start-ups come together. Right next door, another state-of-the-art building with laboratory and research areas is to be built by Superlab Suisse over the next 18 months. The second location is planned in Schlieren near the city of Zurich. The Limmattal is the seat of the Swiss Federal Institute of Technology (ETH), the University of Zurich (UZH) and research centers of numerous national and international pharmaceutical companies. There is correspondingly strong demand for laboratory space. Swiss Prime Site Immobilien is planning a modern new building project on the JED site in Schlieren. In cooperation with Superlab Suisse, research and laboratory areas for start-ups, spin-offs or established companies are to be created on two floors. «We are very pleased about the cooperation with Swiss Prime Site for the two upcoming locations in Basel and Zurich, the two most important life science clusters in Switzerland. Due to the direct proximity to the Wagi area in Schlieren and the technology park in Basel, companies from the life sciences sector can benefit from significant synergy effects of these ecosystems," says Zhang Xi, CEO of Superlab.
Great strides are being made towards making the areas more flexible .
The demand for flexible office and commercial space has been increasing for years. The market trend towards making rental space more flexible for other types of use is also steadily increasing. Swiss Prime Site Immobilien recognized this early on and successfully implemented it through the development projects YOND in Zurich and JED in Schlieren (existing buildings). Martin Kaleja, CEO of Swiss Prime Site Immobilien: “The key success factors are the modern standard of construction, the flexibility of the space and the guarantee of support and services. As with other areas that have already been made more flexible, the needs of our customers are also in the foreground in the Life Science area.» Swiss Prime Site Immobilien and Superlab Suisse together have the necessary know-how to ensure the space required in the laboratory and research area. While Superlab Suisse provides its innovative platform, Swiss Prime Site Immobilien manages the necessary
Real estate knowledge and related development resources. Martin Kaleja, CEO of Swiss Prime Site Immobilien, once again: “We are very pleased to have found the perfect partner for making laboratory and research areas more flexible and scaling in Superlab Suisse. While Superlab Suisse contributes the 'software', we have the right knowledge of the real estate market, the knowledge of what our customers want
and thus provide the 'hardware' in this partnership.»

February 2022
Swiss Prime Site Solutions completes initial fund offering

The subscription period for the Swiss Prime Site Solutions Investment Fund Commercial began on November 1, 2021. By the deadline of December 10, 2021, the real estate fund had brought in a total of CHF 144.2 million, Swiss Prime Site Solutions announced in a statement . They are spread over a total of 1,441,705 fund shares.

The Swiss Prime Site group company uses the new equity to build up a real estate portfolio. The proceeds from the issue have already flowed completely into the purchase of real estate with a total value of 220 million, according to the statement. The first real estate fund from Swiss Prime Site Solutions has 13 properties to start with. The focus of the fund is on "commercial real estate in economically good and established locations", explains Swiss Prime Site Solutions.

January 2022
Swiss Prime Site buys Akara Group

Swiss Prime Site buys the Zug-based Akara Group . The transaction is to be completed in mid-January retrospectively to the beginning of the year, the Solothurn real estate company informs in a message .

The takeover is intended to strengthen the real estate fund division (Swiss Prime Site Solutions) at Swiss Prime Site. According to the announcement, Akara manages real estate investments totaling around CHF 2.3 billion. The partner companies have agreed not to disclose the purchase price.

"We are very pleased to be able to acquire an innovative, dynamic and at the same time established company with the Akara Group", René Zahnd, CEO of Swiss Prime Site, is quoted in the press release. "The fund provider's business model and corporate culture are a perfect match for Swiss Prime Site Solutions."

The Akara Group consists of Akara Funds AG, Akara Real Estate Management AG and Akara Property Development AG. They are to be integrated into Swiss Prime Site Solutions in the course of next year. The portfolio of real estate assets under management, including the projects under development, will thus reach a volume of over CHF 6.5 billion, writes Swiss Prime Site. The real estate company expects to post a contribution to the operating result at EBIT level of CHF 27 to 28 million in the real estate funds division in 2022.

December 2021
Swiss Prime Site: Acquisition of the Akara Group in Zug

Acquisition of the founder-managed and successful Akara Group, Swiss Prime Site, strengthens the business model in the services segment with the intended takeover of the founder-managed Akara Group from Zug. Akara Funds AG was founded in 2016 by Karl Theiler and Jonathan van Gelder and developed into a fund provider regulated by FINMA with a focus on residential and commercial real estate.

The group also includes Akara Real Estate Management AG, which provides real estate services in the areas of development, realization, management and marketing, and Akara Property Development AG, which manages a limited partnership for collective capital investments (KmGK). The group employs a total of around 50 specialized real estate specialists, all of whom will be taken over. The real estate assets under management total around CHF 2.3 billion and consist of the “Akara Diversity PK”, a real estate fund for tax-exempt pension schemes, the private equity product “Akara Property Development 1 KmGK” for qualified investors and a development pipeline (including Akara Tower, Baden) of over CHF 240 million. René Zahnd, CEO of Swiss Prime Site: “We are very pleased to be able to acquire an innovative, dynamic and at the same time established company in the Akara Group. The business model
of the fund provider and the corporate culture are a perfect match for Swiss Prime Site Solutions. “

Karl Theiler, CEO Akara adds: “The future membership of the Swiss Prime Site Group enables us to bundle our strengths in the area of funds and to significantly expand our market position.” The two contracting parties have agreed not to disclose the sales price. The acquisition will be financed 35% from Swiss Prime Site shares and the authorized capital provided for this purpose. The remainder of the transaction amount is paid from freely available funds.

Significant expansion and strengthening of the group-wide investment platform
The closing of the transaction is expected to take place in mid-January 2022 retrospectively to January 1, 2022. It is planned to integrate the Akara Group or the respective companies into Swiss Prime Site Solutions in the course of the 2022 financial year and to merge the two fund management companies. The intended merger will make Swiss Prime Site Solutions one of the leading Swiss real estate asset managers with real estate assets and under management (including development pipeline) of over CHF 6.5 billion and an expected EBIT contribution of CHF 27 to 28 million in 2022. With the acquisition, Swiss Prime Site Solutions can significantly expand its customer base and expand the existing investment platform with additional product and fund categories such as real estate private equity investments. To ensure an orderly transition, the two company founders will continue to work for the company until July 2022. There is also the option of further collaboration on a mandate basis. Anastasius Tschopp, CEO of Swiss Prime Site Solutions, sums up: “I am delighted to welcome the Akara team to our place and, together with Swiss Prime Site Solutions, to shape them into an even more quick-witted real estate asset manager. The two companies complement each other perfectly in terms of customers, employees and know-how. “

December 2021
Swiss Prime Site can look back on a successful half-year

According to a message from Swiss Prime Site , the Olten real estate company generated income totaling 362.8 million francs in the first half of 2021. Adjusted for the sale of the subsidiary Tertianum, which was completed in February of last year, this corresponds to growth of 6.3 percent, explains Swiss Prime Site. All of the real estate company’s divisions contributed to the “pleasing growth”.

In the core real estate segment, the pandemic led to a drop in income of 5.5 million francs, the announcement further explains. In contrast, rental income adjusted for Tertianum effects increased by 2.2 percent to CHF 213.4 million. The income from investment management for third parties increased by 56 percent to CHF 7.5 million.

In the half-year under review, Swiss Prime Site reported operating profit before interest and taxes to be CHF 355.6 million. Excluding revaluations and the Tertianum effects, the result rose by 36.6 percent to CHF 211.0 million, the company writes. The EBIT margin increased year-on-year from 45.3 percent to 58.2 percent. The net profit was 257.1 million francs, compared to 269.7 million francs in the first half of 2020. Without the sales proceeds for Tertianum, however, the profit in the previous semester would have been only 64.4 million francs.

For the entire current year, Swiss Prime Site expects an increase in rental income and income in the area of services. In terms of services, the company is also striving to improve margins.

August 2021
Madaster wins Allco AG as a partner

Madaster wants to strengthen the circular economy in the construction and real estate sectors. To this end, it offers digital tools such as material passports and indices for recording the economic and circular value of buildings on its platform, Madaster explains in a press release . According to her, Madaster Services Schweiz AG has won a new colleague in Allco AG. Together, Madaster and Allco want to make it easier for companies to access building passes and promote their use.

"As a general contractor for complex construction, conversion and renovation projects, we have a great responsibility", Allco managing director Urs Meier is quoted in the press release. "It is clear to us that Madaster is an important part of systematic and always transparent sustainability planning over the life cycle of a building." The company uses the Madaster tool, among other things, for the renovation of a property in Zurich for Swiss Prime Site .

In building passports, data about the materials used in a building are recorded. In this way, future recycling of the material is made possible. Allco's specialist knowledge should help Madaster make “material data usable over the entire life cycle of buildings”, explains Marloes Fischer in the press release. "This is how circular building works", says the managing director of Madaster Services Switzerland.

July 2021
JED wins design award

The real estate development JED in Schlieren was able to convince in an international architecture competition. She received the Silver Award at theA 'Design Award and Comeptition . As part of the global competition, 2094 winners from 108 countries and in 104 design disciplines were chosen.

JED was honored for its interior design, according to a message from real estate developer Swiss Prime Site on LinkedIn. In addition to Swiss Prime Site, the Zurich architecture firm Evolution Design is behind the design.

JED was created on the former printing center of the “Neue Zürcher Zeitung” in Schlieren. The development offers space for workplaces and events. JED sees itself as a “center for knowledge transfer, innovation and entrepreneurship”.

"The project shows how industrial premises can be transformed into attractive destinations that revitalize local (economic) activities and create a platform for entrepreneurship," said the jury of the A 'Design Award and Competition. The architectural concept emphasizes the special features of the individual halls and gives the original structure a contemporary profile. The jury also praised the rooms in such a way that they enable knowledge transfer, creativity and innovation.

The aim of the A 'Design Award and Competition is to make special architectural projects from all over the world known. This is intended to inspire new projects.

May 2021
FenX convinces with sustainable insulation material

FenX AG has secured 2.7 million francs in a seed financing round, according to a press release . Investors include the real estate company Swiss Prime Site, Zürcher Kantonalbank and CADFEM International, which specializes in simulation-based planning.

FenX AG has developed a patented technology with which industrial waste can be converted into insulation boards using a cost-effective foam process at room temperature. According to the communication, the insulation boards produced in this way have good insulation properties and high mechanical strength. They are not flammable and cause almost no CO2 emissions.

On the one hand, FenX intends to use the fresh funds to continue investing in research and development. On the other hand, the company wants to set up its first production facility and prepare for market entry. FenX's long-term goal is to produce recyclable building materials around the world. Production is to take place decentrally from locally available resources.

FenX was spun off from the Swiss Federal Institute of Technology Zurich ( ETH) in 2019. Behind the company are researchers from the ETH Laboratory for Complex Materials.

May 2021
JED gets neon and icons

The JED in Schlieren is to be supplemented by art in architecture, informs a corresponding report on the website of the center in Schlieren. Art in architecture creates identity and meaning and shows the way, it says at the beginning. The owner Swiss Prime Site hired the artists Roland Ammann and Gregory Gilbert-Lodge to realize the works of art in JED.

Glassblower Roland Amman comes from Neonhaus Ammann and has dedicated himself to the creation of three-dimensional works of art from neon after the lighting industry switched from neon to LED. For the JED he will create three oversized letters, a J, an E and a D. Amman has already installed the first work of art on the ceiling of the Jake barista bar. At first glance, the object, which looks like a fragile shining ball, turns out to be a J on closer inspection, says the report. “I like it when my art has several levels and the hidden only becomes recognizable at a second or third glance,” artist Ammann is quoted there.

On the wall of the barista bar, visitors can already see the first work of art by Gregory Gilbert-Lodge in the JED. The independent illustrator has provided the bar with an oversized portrait of its namesake Jake in green. Jake is supposed to represent building J and give the bar “a face”, it says in the report.

Gilbert-Lodge designed portraits of Eve and Didi for buildings E and D. “The fictional characters in the JED should act as icons,” explains the artist in the report. The values and ideas embodied by them, "even an attitude towards life", are what the icons give to the individual buildings, says Gilbert-Lodge.

April 2021
Swiss Prime Site defies the pandemic

According to a message from Swiss Prime Site , the Solothurn-based real estate company generated total income of CHF 792.9 million in the 2020 financial year. In the previous year, 1.26 billion Swiss francs had been booked. Swiss Prime Site attributes the decline primarily to the sale of its subsidiary Tertianum, which was completed in February 2020.

The profit from the sale was also reflected in a strong increase in the operating result (EBIT). In the year under review, 762.3 million francs were posted here, compared to 628.3 million in the previous year. Net profit increased year-on-year from 608.5 million to 610.4 million francs. Without taking into account revaluations and deferred taxes, the profit increased from 315.7 million to 476.6 million, writes Swiss Prime Site.

In 2020, the core real estate business generated a total of 431.0 million francs in rental income, 1.4 percent less than in 2019. The operating result fell year-on-year from 572.9 million to 555.0 million francs. At the same time, the value of the real estate portfolio increased by 4.7 percent to CHF 12.3 billion. Swiss Prime Site intends to make its real estate portfolio climate-neutral by 2040, explains the real estate company in the press release.

In the same announcement, the company announces a change in the group management. CFO Markus Meier decided to leave Swiss Prime Site for personal reasons, writes the real estate company. Marcel Kucher, who is currently CFO of the Peach Property Group, is to be his successor at the beginning of July. "With his broad wealth of experience in the areas of capital markets and digitization", Kucher will "optimally complement and further strengthen the management team of our group", Board member Barbara Frei-Spreiter is quoted in the announcement.

March 2021
Implenia is building a large development near Geneva

A new urban center is to be built around the Lancy-Pont-Rouge train station. Implenia has already constructed three buildings here as a general contractor for Swiss Prime Site , the construction and real estate company from Dietlikon informs in a message . Implenia is now to build another building for the Solothurn real estate company. The order has a volume of around 132 million francs.

Specifically, Implenia has been awarded the contract for the Alto Pont-Rouge development. It is designed as a 15-storey building plus three underground parking levels with a total floor space of 35,000 square meters. The areas are mainly intended for offices, while smaller areas are to be used as grocery stores and restaurants. The core of the building complex is a central atrium with glass facades.

The development will "meet the highest sustainability standards and be certified at least in accordance with SNBS Gold," explains Implenia in the press release. The start of construction work is scheduled for this November, and the work should be completed in June 2023. For Jens Vollmar, Head Division Buildings, the new order "came about on the basis of a long-term and trusting relationship between Swiss Prime Site and Implenia".

October 2020