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.
Key data
as at 31 December 2023
1.84
Value of portfolio in CHF billion
33.8
Property income in CHF million
0.7
Vacancy rate of investment properties
237553
Rentable space in m2
6.1
WAULT
4.0
Gross return on investment properties in %
1.1
Greenhouse gas emissions per m2 Energy reference area in kg/CO2eq
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?
METALLI LIVING SPACE
Located close to Zug train station and with excellent transport links, the site houses the Metalli Center complex with around 60 shops, offices and residential units, the two leading business hotels Parkhotel Zug and City Garden, as well as other residential and commercial properties.
Further development of the Metalli Living Space
Zug Estates is planning to redesign the Metalli complex in the centre of Zug, which currently features a shopping mall, the associated residential and business properties as well as the adjacent Bergli site with Park Hotel, and to densify parts of it.
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
The Zug Estates Group operates a city resort in Zug, Garden Park Zug AG, geared to the needs of business clients. It has a total capacity of around 240 accommodation units plus ancillary catering and conferencing facilities. The resort comprises the leading 4-star superior business hotels Park Hotel Zug and City Garden in addition to long-stay apartments.
Rental offers
Are you interested in renting an apartment or leasing office or retail space at Metalli?
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 1.83 billion as at 31 December 2023.
Portfoliy by use
(Based on projected rental income* as at 31 December 2023)
| Office | 25% |
| Residential | 27% |
| Retail | 15% |
| Hotel & Catering | 9% |
| Parking | 7% |
| Leisure / education / culture | 9% |
| Other | 8% |
* From point of view of real estate business unit
Selected key portfolio figures
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Value of portfolio in CHF thousands | |||||
| City Centre site, Zug | 704 784 | 722 632 | 747 385 | 750 385 | 788 287 |
| Suurstoffi site, RIsch-Rotkreuz | 733 580 | 811 800 | 836 600 | 852 800 | 839 210 |
| Other investment properties | 0 | 0 | 0 | 110 260 | 98 100 |
| Investment properties | 1 478 364 | 1 534 432 | 1 583 985 | 1 713 445 | 1 725 597 |
| Investment properties under construction | 31 402 | 9 794 | 11 274 | 11 758 | 18 235 |
| Undeveloped plots | 2 524 | 2 524 | 2 524 | 2 524 | 2 524 |
| Total real estate portfolio | 1 512 290 | 1 546 750 | 1 597 783 | 1 727 727 | 1 746 356 |
| Operating properties1 | 118 250 | 118 110 | 103 230 | 102 890 | 81 320 |
| Total portfolio | 1 630 540 | 1 654 860 | 1 701 013 | 1 830 617 | 1 827 676 |
| Performance in CHF thousands or % | |||||
| Projected rental revenue investment properties | 60 597 | 62 163 | 63 024 | 66 128 | 69 675 |
| Property income | 54 481 | 57 782 | 60 024 | 62 221 | 65 655 |
| Gross return on investment properties2 | 4.1% | 4.1% | 4.0% | 3.9% | 3.9% |
| Vacancy rate of investment properties3 | 3.3% | 5.0% | 4.0% | 1.6% | 3.9% |
| Average discount rate (real) | 3.1% | 3.0% | 2.8% | 2.8% | 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
