HIAG broadens portfolio and development pipeline

Publié: 26. mars 2021

Media information

Basel, 26 March 2021 – HIAG acquires four commercial properties at the three locations Winterthur (ZH), Solothurn (SO) and Reinach (BL) from BR Bauhandel AG in a sale-and-lease-back transaction. BR Bauhandel AG will remain a long-term tenant at all three locations with its Richner and Baubedarf brands. With the acquisition, HIAG increases its development pipeline by around 40,000 m2 of floor space. The parties have agreed not to disclose the purchase price.

The asset deal includes two properties in Winterthur with around 10,000 m2 and 6,000 m2 of surface area. It also includes a property in Solothurn with around 29,000 m2 and currently 13,000 m2 of floor space and a property in Reinach with about 4,500 m2 of floor space on a building lease area of about 6,500 m2. There is a pre-emptive right for this property that can be exercised within 6 months. The considerable potential for use of the commercial and residential space in Winterthur and Solothurn will enable a sustainable increase in rental income in the HIAG portfolio. The site development of the newly acquired properties will begin immediately after the acquisition.

 

Contacts

Marco Feusi

Chief Executive Officer

T +41 61 606 55 00

marco.feusi@hiag.com

Laurent Spindler

Chief Financial Officer

T +41 61 606 55 00

laurent.spindler@hiag.com

 

HIAG Immobilien Holding AG

Aeschenplatz 7

4052 Basel

T +41 61 606 55 00

investor.relations@hiag.com

www.hiag.com

 

Agenda

22 April 2021                Annual General Meeting 2021

27 August 2021            Publication ot the 2021 half-year results