Tag: Zug Estates

  • Andrea Wegmüller appointed new Head of Property Management at Zug Estates

    Andrea Wegmüller appointed new Head of Property Management at Zug Estates

    Andrea Wegmüller has worked for PRIVERA AG since 2016, initially as Regional Head of Property Management East and since the beginning of 2022 in the role of COO / Head of Property Management Switzerland. Prior to that, he worked for Livit AG for five years in various functions. Andrea Wegmüller is a qualified real estate trustee and holds a Master of Advanced Studies (MAS) in Real Estate Management from the Hochschule für Wirtschaft Zürich (HWZ). Andrea Wegmüller takes over as Head of Property Management from Pascal Arnold, who has decided to take on a new professional challenge after nine successful years with Zug Estates. The Board of Directors of Zug Estates Holding AG thanks Pascal Arnold for his great and professional commitment and wishes him every success for the future.

    Source: Zug Estates

  • Suurstoffi: Area development with a model character

    Suurstoffi: Area development with a model character

    «The Suurstoffi offers everything we need for our work. We can no longer be taken away so quickly here, ”says Sanofi Aventis CEO Andrea Meyer. A nice compliment for Zug Estates, which in the last ten years has developed a district in Rotkreuz that impresses with its architecture, greenery and energy efficiency. The once unattractive area has been revitalized. "The Rotkreuz community has an excellent macro location and is easily accessible by public transport," says Martin Jöri, Head of Strategic Site Management at Zug Estates. “The area is right next to the train station, but can also be easily reached by motorized private transport. The quarter is a kind of village within the village, and the campus concept is omnipresent. "

    A healthy mix
    All in all, Jöri appreciates the mix of living, business, research, school and gastronomy. He also likes the typical district infrastructure with a hairdresser or doctor. According to the latest construction status, the area is practically completed: “A construction site with two office buildings (Suurstoffi p. 18/19) has not yet been developed – but the building permit is available. The construction will be triggered in accordance with demand if sufficient occupancy has been achieved beforehand. " Looking back, Jöri regards the high construction speed with the aim of on-time commissioning as the greatest hurdle that had to be overcome.

    “Zero-Zero” goal
    The Suurstoffi is breaking new ground with an exemplary energy concept. On the site, solar use, several dynamic underground storage facilities and an anergy network form the basis for achieving the “zero-zero” goal. That means: the around 165,000 square meter Suurstoffi area is CO2-neutral. The energy for heating and cooling is generated by underground storage and building waste heat, electricity is provided by various solar power systems. The aim is complete self-sufficiency with primary energy for heating and water treatment. It was precisely this ambitious energy concept that particularly appealed to Jöri about the building: “It is a future-oriented vision of a CO2-free quarter with as much energy as possible, which is provided from our own production. But the architecture is also great. There is no uniformity here. Each construction site has a varied design. We also attached great importance to a green and high-quality outdoor space. "

  • The development of the Metalli is going according to plan

    The development of the Metalli is going according to plan

    The Metalli development is located in the core zone of Zug and is to be redesigned. Urban development projects are known to be protracted projects. Interventions in urban structures change the appearance of a city and affect many people accordingly. «We are aware of our responsibility. It is therefore important to find out what the needs of the population, residents and all other users of Metalli are, ”says Peter Wicki, Project Development Manager at Zug Estates. Politicians, interest groups and other groups or people also bring their concerns to the table. The aim is to create an intensely greened, sustainable and ecological metal. The building should have architectural and urban highlights. The current qualities and the wide range of products are to be retained. The interest groups advocate a meeting place where non-commercial activities are also possible. What is wanted is a new town square that will enliven the center near the train station between Zug and Baar, which has grown significantly in recent years. The existing glass passage is valued and should be retained in the same or a similar form. The aim is to expand non-motorized traffic – as well as affordable living space, more pop-up stores and other spontaneous or temporary uses of space.

    Dialogue with everyone
    "This balancing act of involving the various interest groups and yet developing a clear and strong idea that supports this place, which is so important for Zug and makes the city even more livable, is a great challenge and will remain so until the end," says Wicki. Two other key questions particularly stimulate him in this project: “How can we continue to grow without using up more land and still maintaining or even increasing the quality of today's settlement areas? At its core, it is about sustainable, high-quality interior compression ”. Just as important to Wicki is how the inner cities change as shopping behavior changes. "In the new Metalli habitat, we have to find an answer to these two central questions." This is an extremely relevant and exciting task.

    More sustainable and greener
    Nowadays, urban living spaces are designed differently than in the past. The Metalli was never developed as a pure shopping center, as the project development manager explains. Therefore, the area already brings numerous qualities of a modern living space with it. “Today it is already a lively quarter with a wide variety of uses and quality of stay. We want to further strengthen these qualities. " With the new Metalli-Platz, the district is being networked even further with the surrounding city. “The climatic conditions and awareness of sustainability have changed significantly in recent years. The new living space Metalli will become more sustainable and green. " Particular attention is paid to planting more trees and improving the quality of stay outdoors. The usage concept of the new living space should adapt to the current requirements of the Metalli visitors. «The trade will continue to change. The worlds of online and offline will merge. Companies have to find new ways to address consumers, ”summarizes Wicki. Metalli offers an ideal platform for this. In addition, they want to offer more products from the region.

    Last autumn, the structural project by Hosoya Schaefer Architects with Nyx Architects and the landscape architect Lorenz Eugster was submitted to the city of Zug. This project emerged as the winner of the urban planning competition. The development plan is currently being drawn up. A period of two years is planned for this phase. At the same time, the tender for the project competition is being prepared. "If everything continues to go according to plan, we will be able to start construction work in 2025," says Wicki.

  • Pandemic cuts profits at Zug Estates

    Pandemic cuts profits at Zug Estates

    According to a statement from the Zug Estates Group , the real estate company was able to increase its property income in 2020 by 6.1 percent year-on-year to 57.8 million francs. In the accommodation business, income from the effects of the pandemic was reduced by 57.8 percent to 7.0 million francs. In 2020, income of 72.5 million francs was generated from the sale of properties. In the previous year, 45.6 million francs were posted here.

    In 2020, income would have been offset by 15.6 percent higher expenses of 9.0 million francs year-on-year, writes Zug Estates. As a result, the operating result before depreciation and revaluation fell by CHF 3.8 million to CHF 49.6 million. The reported operating result (EBIT) was CHF 43.7 million, 38.0 percent below the 2019 figure. Consolidated earnings excluding revaluation and special effects fell from CHF 31.4 million to CHF 25.9 million.

    The value of its own portfolio of real estate increased by 1.5 percent to 1.65 billion francs in the year under review, explains Zug Estates. In addition, in 2020 the company was able to renew leases with a total volume of over CHF 2.6 million per year. For the current year, Zug Estates anticipates increasing rental income and lower property costs compared to the year under review.

  • Alain Baumgartner complements the management team at Zug Estates

    Alain Baumgartner complements the management team at Zug Estates

    Alain Baumgartner, MRICS, has been Head Real Estate Portfolio Management and member of the extended management team at Avobis Group AG in Zurich since October 2019. Before that, he worked for over 10 years as a portfolio manager at Swiss Life Asset Management AG, most recently as Head Portfolio Commercial / Centers and Deputy Head of Portfolio Management. Mr. Baumgartner holds a MAS Master's in Advanced Studies in Real Estate Management from the HWZ University of Applied Sciences in Zurich.