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Firmly rooted in the Zug region

COMPANY PROFILE

The Zug Estates Group conceives, develops, markets and manages properties in the Zug region, It focuses on centrally located sites suitable for a wide range of uses and with potential for sustainable development. A large part of the real estate portfolio is located at two sites in Zug and Risch Rotkreuz and is broadly diversified by type of use.

Through its subsidiary Hotelbusiness Zug AG, the Zug Estates Group runs a city resort that consists of the two leading business hotels Parkhotel Zug and City Garden and serviced city apartments geared towards business clients with a total offering of around 250 overnighting units and a comprehensive range of restaurants.

Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich, (ticker symbol: ZUGN, securities number: 14 805 212).

Two centrally-located sites

Karte
Group structure

Zug Estates Group structure (as of 31 December 2021)

konzernstruktur

Investment criteria

The properties of the Zug Estates Group are predominantly centrally located, fully developed, high building density sites in the Zug region. The portfolio's geographic concentration makes it possible to take advantage of the specific factors of the regional market and its attractiveness to international businesses. The portfolio is broadly diversified by use and comprises a healthy balance of residential, service and retail properties as well as hotel and commercial buildings and parking garages.

The Zug Estates Group follows an integrated business model that covers a property's entire life cycle: it conceives, develops and builds properties, manages them, ensures capital preservation and maintains technical services. The real estate portfolio is actively managed and forms the basis for the long-term growth of the Group. Taking account of the specific circumstances of each property, the Group implements cross-building development concepts characterized by sustainability and resource efficiency.

The other principles of the Group's investment policy are as follows:

No real estate properties outside Switzerland are envisaged.

Borrowed capital should not exceed 40% of total assets.

Zug Estates invests a proportion of its net income in the Group’s sustainable growth. We will increase the ordinary dividend by 10% per year until the payout ratio reaches a level of two thirds of earnings from operations provided no major investments are needed.

The investment properties are primarily to be located along the Zurich – Zug – Lucerne transit axis.

Additionally, the search will focus on sites that are expected to be in high demand over the long term.

The strategy envisages the development of large-scale sites with a unique presence, broadly diversified uses and internal synergies.

The investment volume is expected to be at least CHF 200 million.

The company holds investment property and buys and develops projects for self-use.

BUSINESS MODEL

Businessmodel

GOVERNANCE STRUCTURE

Dr. Beat Schwab – Chairman of the board of directors

*1966, Swiss national Dr. rer. pol., University of Bern; MBA Columbia University First elected: 2014

Professional background

Self-employed real estate entrepreneur and independent director, since 2017; Head of Real Estate Investment Management at Credit Suisse AG, 2012–2017; CEO of Wincasa AG, 2006–2012; member of the management of ISS Schweiz AG, 2004–2006; director of SEVIS AG, 1999–2004; various positions in the banking industry

Previous activities for the Zug Estates Group

None

Activities on governing and supervisory bodies

Member of the board of directors of Varia US Properties AG, Zug; member of the board of directors of Swiss Federal Railways (SBB), Bern; member of the board of directors of Raiffeisen Schweiz Genossenschaft, St. Gallen; vice presidency of Stiftung für Kunst, Kultur und Geschichte (SKKG), Winterthur, and other unlisted companies

Official functions and political offices

None

Prof. Dr. Annelies Häcki Buhofer

*1954, Swiss national PD Dr. Phil. I, University of Zurich; First elected: 2012

Professional background

Management roles within the Faculty of Humanities at the University of Basel, 2002-2015; Professor of German Linguistics at the University of Basel, 1989–2015

Previous activities for the Zug Estates Group

Member of the board of directors of MZ Immobilien AG, 1997–2012

Activities on governing and supervisory bodies

Chair of the board of directors of BURU Holding AG, Cham, and Holmia Holding AG, Zug; member of the board of directors of V-ZUG AG, Zug, and the Cham Group AG, Cham, and other unlisted companies; role in management bodies of national and international professional associations

Official functions and political offices

None

Armin Meier

*1958, Swiss national IT engineer, Bern University of Applied Sciences; Executive MBA, University of St. Gallen, First elected: 2013

Professional background

Managing director of Boyden Switzerland, Zurich, since 2010; Chief Commercial Officer Travelport, Lon-don, 2008–2010; CEO Kuoni Travel Holding Ltd, Zurich, 2005–2007; member of the executive board of the Federation of Migros Cooperatives, Zurich, 2002–2005; President and CEO Atraxis AG, Zurich, 1998–2002; CEO ABB PTI AG, Baden, 1995–1998

Previous activities for the Zug Estates Group

Chairman of the board of directors of Hotelbusiness Zug AG, 2012–2013

Activities on governing and supervisory bodies

Member of the board of directors of KIBAG HOLDING AG, Zurich, the Ameos Group AG, Zurich, IHAG Holding AG, Zurich, Evalueserve Holding AG, Zug, and directorships at other unlisted companies

Official functions and political offices

None

Johannes Stöckli

*1959, Swiss national CAS Justice of the Peace, Lucerne University of Applied Sciences and Arts; SME Management (intensive course of study), University of St. Gallen; First elected: 2018

Professional background

Independent investor and director since 2015; managing director and member of the board of directors of Pyros Holding AG and subsidiaries, Cham, 1992–2015

Previous activities for the Zug Estates Group

None

Activities on governing and supervisory bodies

Chairman of the board of directors of Zebrabox SA, Lausanne; vice chairman of the board of directors of Schilthornbahn AG, Lauterbrunnen, as well as mandates with other unlisted companies and not-for-profit organizations

Official functions and political offices

Justice of the Peace with the Office of the Justice of Peace of the City of Zug

Martin Wipfli

*1963, Swiss national Attorney, Master of Law (lic. iur.), University of Bern First elected: 2012

Professional background

Executive partner at Baryon AG, since 1998; partner with Tax Partner AG, Zurich, 1997–1998; Head of the Tax Department of Bank Leu Ltd, Zurich, 1995–1997; tax advisor with ATAG Ernst & Young AG, Zurich, 1990–1995

Previous activities for the Zug Estates Group

Member of the board of directors of MZ Immobilien AG, 2011–2012

Activities on governing and supervisory bodies

Chairman of the board of directors of ELMA Electronic AG, Wetzikon, Metall Zug AG, Zug, and nebag ag, Zurich; member of the board of directors of Frutiger AG, Thun, GRAPHA-Holding AG, Hergiswil, and directorships at other unlisted companies

Official functions and political offices

Head of the Municipal Council of Feusisberg, Chairman of the Association of Municipalities and Districts of the Canton of Schwyz

Patrik Stillhart, CEO

*1974, Swiss national Real Estate Economist (EBS - European Businesss School), Master of Science ETH, employed at Zug Estates since June 1, 2020

Professional background

Managing Director, Jones Lang LaSalle AG (JLL), 2011–2020; Senior Vice President, Sal. Oppenheim jr. & Cie. Corporate Finance (Schweiz) AG, 2005–2011; Senior Associate, Ernst & Young AG, 2005; Project Manager, Ernst Basler + Partner AG, 2001–2005

Previous activities for the Zug Estates Group

None

Activities on governing and supervisory bodies of the Zug Estates Group

Chairman of the board of directors of Zug Estates AG, Zug, and of Hotelbusiness Zug AG, Zug

Other activities on governing and supervisory bodies

None

Official functions and political offices

None

Mirko Käppeli CFO

*1979, Swiss national Lic. oec. University of St. Gallen, employed at Zug Estates since May 1, 2017

Professional background

2010–2017 in various financial roles within the Seewarte Group, CFO from 2011; Finance Manager, Gravhaven Mining AG, 2008–2009; financial projects, Mobimo Group, 2005–2009; Controlling, Livit AG, 2002–2004

Previous activities for the Zug Estates Group

None

Activities on governing and supervisory bodies of the Zug Estates Group

Member of the board of directors of Zug Estates AG, Zug, and of Hotelbusiness Zug AG, Zug

Other activities on governing and supervisory bodies

Member of the board of directors of Meili Holding AG, Zug

Official functions and political offices

None

Pascal Arnold, Head of Property Management

*1984, Swiss citizen, Swiss federally certified commercial clerk, real estate manager with a Swiss Federal PET Diploma, real estate marketer with a Swiss Federal PET Diploma; joined Zug Estates in October 2014

Professional background

Head of Real Estate and Account Manager, Truvag AG, Reiden, 2007-2014; loss adjuster in the Claims department, Winterthur, Schweizerische Versicherungsgesellschaft, 2003-2006

Alain Baumgartner, Head of Portfolio Management

*1980, Swiss and French citizen, MRICS, MAS in Real Estate Management, CAS Leadership at ZHAW; joined Zug Estates in May 2021

Professional background

Head of Real Estate Portfolio Management, Avobis Group AG, 2019-2021; various positions in portfolio management: asset manager, real estate portfolio manager, Head of the Commercial/Centres Portfolio, Deputy Head of Portfolio Management at Swiss Life Asset Management AG, 2008-2019; Head of the Property Management team, member of management, Livit AG, Zurich, 2006-2008

Peter Wicki, Head of Project Development

*1971, Swiss citizen, MRICS, degree in architecture from the Swiss Federal Institute of Technology (ETH), MSc in Real Estate, Executive MBA from the University of St. Gallen (HSG); joined Zug Estates in September 2019

Professional background

Head of Portfolio Management and member of Group management at SBB Immobilien, Bern, 2012-2019; consultant, W&P Immobilienberatung GmbH, Frankfurt am Main, 2008-2012; associate valuation expert, Wüest Partner AG, Zurich, 2001-2008; founder and co-owner, Architekturbüro Masswerk AG, Lucerne, 2003-2008; architect, Baumann & Rigling Architekten, Lucerne, 1998-2003

Irene Gangwisch, Director

*1972, Swiss citizen, degree in restaurant and hotel management, Hotel Management School Thun; joined Hotelbusiness Zug AG in February 2022

Professional background

General Manager, Sorell Hotel Zürichberg, 2018-2021, delegate to the board of directors and managing director, AlpinTrend Hotel & Gastro, Graubünden, 2016-2018; director, Hotel Lenzerhorn Spa & Wellness, Lenzerheide, 2010–2018; F&B and event manger, Lucerne, member of management, Seehotel Hermitage, 2003-2010

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