A centrally located, well-connected portfolio with development potential
The real estate portfolio of Zug Estates is largely focused on two sites in Zug and Risch Rotkreuz that feature a varied, highly diverse range of uses. The portfolio offers above-average locational and property features coupled with low vacancy rates.
METALLI LIVING SPACE
With the Metalli Living Space project, Zug Estates is planning a high-quality further development of the Metalli complex in the centre of the city of Zug, as well as the creation of additional, urgently required residential space. The planning perimeter includes the shopping mall and the associated residential and business properties.
In 2024, the basis of the project was reviewed in close consultation with the City of Zug and changes were made to the Metalli development plan. The political approval process is scheduled to start in mid-2025.
Project information
- Status: At planning stage (development-plan process ongoing)
- Investment volume: Approx. CHF 200 million
- Timescale: Start of approval process for development plan in mid-2025
- Usage mix: Residential, retail, catering and service space
Metalli Shopping Centre
With around 60 shops and more than 16,000 m² of retail space, the Metalli Shopping Centre is a popular shopping destination and meeting point in the heart of the city of Zug.
Hotel & catering
Via Garden Park Zug AG, the Zug Estates Group operates two leading hotels in the city of Zug. Their attractive catering and event offering makes them popular meeting points for guests from around the region.
The hotels portfolio includes the renowned 4-star Superior Park Hotel Zug, 4-star Designhotel City Garden, and three serviced city apartment properties. With a total of around 240 rooms and 100 employees, Garden Park Zug AG provides guests with first-class comfort and excellent service. The catering portfolio includes the aigu Restaurant, and the bar & lounge, together with the Secret Garden venue, which can be booked for exclusive private or commercial events.
Rental offers
Are you interested in renting an apartment or leasing office or retail space at Metalli?
SUURSTOFFI LIVING SPACE
The Suurstoffi site in Risch Rotkreuz located in an integrated, traffic-free neighborhood with a combination of living, working and recreational facilities, is nearing completion. Once finished, it will accommodate some 1'500 residents, almost 2'000 students, and over 2'500 workplaces.
Construction project Suurstoffi 43/45
Single-tenant opportunity in the tax-efficient and government-friendly canton of Zug.
Attractive outdoor spaces
We attach great importance to green density, diversity and traffic-free spaces where pleasant experiences abound. The areas outside our buildings provide users with a place to meet. They offer a space to rest and relax, one that promotes users’ well-being and creates identity. They are designed to create ecological added value.
Carbon-free energy system
The site, which covers around 100.000 m2, is operated virtually carbon-free. The buildings obtain their electricity, heating and cooling capacity through underground storage systems, heat recovery systems as well as PV installations that generate solar power and solar thermal energy.
Rental offers
Are you interested in renting an apartment or leasing commercial space at Suurstoffi?
Key data
as at 31 December 2024
1.86
Value of portfolio in CHF billion
69.3
Property income in CHF million
0.7
Vacancy rate of investment properties
221676
Rentable space in m2
5.8
WAULT
4.1
Gross return on investment properties in %
0.9
Greenhouse gas emissions per m2 Energy reference area in kg/CO2eq
OUR PORTFOLIO
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites which are suitable for a wide range of uses and allow sustainable development. The real estate portfolio is distributed across two sites in Zug and Risch Rotkreuz, and is broadly diversified by type of use. The total value of the portfolio came to CHF 1.86 billion as at 31 December 2024.
Portfoliy by use
(Based on projected rental income* as at 31 December 2024)
| Office | 25% |
| Residential | 28% |
| Retail | 15% |
| Hotel & Catering | 8% |
| Parking | 7% |
| Leisure / education / culture | 9% |
| Other | 8% |
* From point of view of real estate business unit
Selected key portfolio figures
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Value of portfolio in CHF thousands | |||||
| City Centre site, Zug | 722 632 | 747 385 | 750 385 | 788 287 | 811 387 |
| Suurstoffi site, RIsch-Rotkreuz | 811 800 | 836 600 | 852 800 | 839 210 | 851 620 |
| Other investment properties | 0 | 0 | 110 260 | 98 100 | 95 200 |
| Investment properties | 1 534 432 | 1 583 985 | 1 713 445 | 1 725 597 | 1 758 207 |
| Investment properties under construction | 9 794 | 11 274 | 11 758 | 18 235 | 21 007 |
| Undeveloped plots | 2 524 | 2 524 | 2 524 | 2 524 | 0 |
| Total real estate portfolio | 1 546 750 | 1 597 783 | 1 727 727 | 1 746 356 | 1 779 214 |
| Operating properties1 | 118 110 | 103 230 | 102 890 | 81 320 | 79 660 |
| Total portfolio | 1 654 860 | 1 701 013 | 1 830 617 | 1 827 676 | 1 858 874 |
| Performance in CHF thousands or % | |||||
| Projected rental revenue investment properties | 62 163 | 63 024 | 66 128 | 69 675 | 71 948 |
| Property income | 57 782 | 60 024 | 62 221 | 65 655 | 69 280 |
| Gross return on investment properties2 | 4.1% | 4.0% | 3.9% | 3.9% | 4.1% |
| Vacancy rate of investment properties3 | 5.0% | 4.0% | 1.6% | 3.9% | 0.7% |
| Average discount rate (real) | 3.0% | 2.8% | 2.8% | 2.9% | 2.9% |
1Properties used for operational purposes are stated at cost less write-downs in accordance with accounting standards but are shown in this list at market value.
2 Projected rental income (annualised) as a percentage of the market value on the balance sheet date.
3 As at the balance sheet date, as a percentage of projected rental income.
LIST OF PROPERTIES
