Press release
Zug, 21 August 2025

Zug Estates Holding Ltd today successfully issued another CHF 100 million green bond in the Swiss capital market. The fixed-rate bond carries a coupon of 1.25% and a tenor of seven years. The payment date is 25 September 2025. The proceeds will be used to refinance sustainable projects in accordance with Zug Estates’ Green Finance Framework. Zürcher Kantonalbank and UBS AG are acting as joint lead managers for the transaction. An application has been made for admission to trading on the SIX Swiss Exchange.

Key dates:
27 August 2025 | Sustainability forum
19 February 2026 | Publication of the Annual Report and Sustainability Report 2025
8 April 2026 | General Meeting of Shareholders

For further information:
Mirko Käppeli, CFO

T +41 41 729 10 10
ir@zugestates.ch

About Zug Estates
The Zug Estates Group designs, develops, markets and manages properties in the Zug region, with a particular focus on centrally located sites that enable a variety of uses and support sustainable development. The property portfolio primarily comprises the two sites in Zug and Risch-Rotkreuz. The Group also operates a city resort in Zug consisting of the leading business hotels Park Hotel Zug and City Garden, plus a range of restaurants. The total value of the portfolio was CHF 1.92 billion as at 30 June 2025. Zug Estates Holding Ltd is listed on the SIX Swiss Exchange, Zurich (ticker symbol: ZUGN, securities number: 14 805 212).

Disclaimer
This press release and the information it contains may not be forwarded or transmitted to the United States of America (USA) or distributed or transmitted to US persons (including legal entities) or to media with broad distribution in the USA. Any violation of these restrictions may give rise to a breach of US securities legislation. This bond will not be offered for public sales outside Switzerland. This media release does not constitute an offer to buy or subscribe securities and is not an issuing prospectus pursuant to Art. 35 FinSA.

Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch

Press realease
Zug, 25 June 2025

The Metalli development plan was addressed in a first reading in the Grand Municipal Council of the City of Zug, where it received broad support. A public inspection will now follow. The Metalli Living Space project will upgrade the existing Metalli district and transform it into a vibrant and versatile part of Zug that offers a high quality of life. This will give rise to additional residential space, including affordable housing, as well as new green outdoor spaces for everyone to enjoy.

The Zug City Council approved the Metalli development plan on 8 April 2025 and sent it to the Grand Municipal Council for the first reading on 17 June 2025, where it received broad support. Patrik Stillhart, CEO of Zug Estates, is pleased about the project’s positive political reception. “The Metalli centre was first opened in 1987 and has since become an important place for people to meet and shop. Nearly 40 years later, however, the needs of the people of Zug have changed, as have the needs of the properties’ tenants and businesspeople. That was one of the insights we gained from the participation process and the feedback we received. The launch of the political approval process represents an important first milestone on our Metalli Living Space journey.” 

New Metalli Square as a starting point and gateway as well as an ideal, logical link to the railway station.

More residential space right where it makes sense
Metalli’s high-quality upgrade will result in a total of 160 new flats, 130 more than currently available. 64 of these flats are affordable housing. With a wide range of offerings, different flats are being created to meet different needs. They are centrally located, have excellent access to public transport and are only a short distance from all the amenities in the new part of town as well as the Old Town, Lake Zug and local leisure spaces. 

Bird’s-eye view of the upgraded Metalli centre.

More space and greenery for everyone to enjoy 
The new, appealingly designed Metalli Square serves as a starting point and gateway while also providing an ideal, logical link to the railway station. Upgraded and attractively designed green outdoor spaces create new places where people can meet and spend time. Diverse greenery, including trees with large canopies, helps ward off the heat in summer. The public, park-like rooftop terrace offers space where people can spend time and enjoy the scenic view. That means the Metalli Living Space is not only appealing from the tenants’ perspective, but it also helps make Zug an attractive place to live with a high quality of life, which benefits everybody in Zug. Since some spaces are being eliminated to make room not only for the outdoor and leisure areas but also the additional residential housing planned, this will be offset by additional storeys added to certain buildings and a new 80-metre high-rise. 

Public, park-like rooftop terrace with a view of Lake Zug and Mount Rigi. 

Preserving some of Zug’s identity and strengthening the offering
“With our Metalli Living Space project, we are building on proven qualities and preserving the Metalli centre’s characteristic architecture with its glass roofs, arcades and quintessential materials,” says Peter Wicki, Head of Project Development at Zug Estates. “Thanks to targeted efforts to not only upgrade and modernise the infrastructure but also to make the shopping avenue more attractive, the Metalli Living Space additionally presents us with an opportunity to preserve and enhance both the retail and catering offerings,” Wicki continues. 

Time horizon and next steps
After the City Council’s resolution of 8 April 2025, the changes to the Metalli development plan were addressed in a first reading in the Grand Municipal Council on 17 June 2025. The public inspection of the development plan will be followed by a second reading, which is expected to take place in spring 2026. The Canton of Zug will not approve the development plan until autumn 2026 at the earliest. The actual planning process will begin after that, the first stage of which is an architectural competition.

Additional information:
Website: www.lebensraum-metalli.ch
Pictures: Visualisations
Press release (PDF)

Key dates:

For further information:

About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites that are suitable for a wide range of uses and allow sustainable development. The real estate portfolio is composed mainly of the two sites in Zug and Risch Rotkreuz. The Group also runs a city resort in Zug incorporating the leading business hotels Park Hotel Zug and City Garden and a comprehensive range of restaurants. The total value of the portfolio as of 31 December 2024 was CHF 1.86 billion. Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich (ticker symbol: ZUGN, securities number: 14 805 212).

Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch

Press realease
Zug, 10 April 2025

Today, the 13th General Meeting of Shareholders of Zug Estates Holding Ltd was held at the Theater Casino Zug, attended by 213 shareholders. A total of 92.3% of the voting shares were represented. The shareholders approved all proposals of the Board of Directors. 

The General Meeting of Shareholders decided to distribute a total of CHF 24.0 million to shareholders for the 2024 financial year. The ordinary gross dividend (subject to withholding tax) is CHF 4.70 per series A registered share and CHF 47.00 per series B registered share. After payment of Swiss withholding tax of 35%, this results in a net dividend of CHF 3.06 per series A registered share and CHF 30.55 per series B registered share. Payment of the net dividend will take place as of Wednesday, 16 April 2025 (payment date). 

All members of the Board of Directors standing for re-election were confirmed for a further term of one year. Annelies Häcki Buhofer was no longer standing for re-election. Julia Häcki, the ESG officer at a major Swiss real estate fund, was elected as a new member of the Board of Directors. Beat Schwab was re-elected as Chairman of the Board of Directors. Johannes Stöckli was re-elected to the Nomination and Compensation Committee and Joëlle Zimmerli was elected as a new member. 

In a consultative vote, the General Meeting of Shareholders expressed its agreement with the remuneration report and approved the remuneration for the members of the Board of Directors and Group Management. 

The 14th General Meeting of Shareholders of Zug Estates Holding Ltd will be held on 8 April 2026. 

Downloads:

Press release (PDF)

Key dates:

For further information:

About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites that are suitable for a wide range of uses and allow sustainable development. The real estate portfolio is composed mainly of the two sites in Zug and Risch Rotkreuz. The Group also runs a city resort in Zug incorporating the leading business hotels Park Hotel Zug and City Garden and a comprehensive range of restaurants. The total value of the portfolio as of 31 December 2024 was CHF 1.86 billion. Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich (ticker symbol: ZUGN, securities number: 14 805 212).

Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch

Press release  
Zug, 5 December 2024

Together with representatives from local authorities and project partners, Zug Estates broke the ground for the new-build project S43/45 on the Suurstoffi site in Rotkreuz in Canton Zug.

Zug Estates has been developing the Suurstoffi site in Rotkreuz since 2010. The site has become a versatile living environment where people can live, work, study and engage in leisure activities. The construction of the final two buildings Suurstoffi 43 and 45 and the central park marks the conclusion of Zug Estates' development of the site. By mid-2027, around 14,400 m² of office and education space and 1,100 m² of student housing will be built.

In September 2024, Zug Estates signed a long-term lease agreement with “XUND Bildungszentrum Gesundheit Zentralschweiz”, for the Suurstoffi 45. In opening its new location, XUND is responding to the growing demand for practical and sought-after training in healthcare.

Picture (l-r): Patrik Stillhart, CEO, Zug Estates Holding Ltd; Stefan Graf, Partner, Bauart Architekten und Planer AG; Head of Cantonal Council Silvia Thalmann-Gut, Head of the Department of Economic Affairs of Canton Zug; Josef Widmer, President of XUND; Walter Figueiredo, Head of Civil Engineering Department, Schmid Bauunternehmung AG

Sustainable project development
The new development project by Zug Estates will blend seamlessly into the Suurstoffi site, both in terms of its architecture and from a sustainability standpoint. The site's existing, virtually emission-free energy system will be expanded to include a new geothermal probe. Thanks to a reduction in volume in the basement level and to the optimisation of the facades, building service systems and structural engineering, the building will feature a measurably lower grey energy component than similar properties. Highly efficient ventilation technology, solar panels on the roof and facade, and rainwater harvesting round out the sustainable new-build. Finally, the construction of the large central park will greatly improve the quality of the outdoor area and the attractiveness of the site.

Additional information:

Interior visualisation S43 (.jpg)
Project visualisation S4345 (.jpg)
Group picture groundbreaking ceremony (.jpg)
Project: https://www.suurstoffi.ch/neubau-s43/45
Press release (PDF)

Important dates:

For further information, please contact:

About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites that are suitable for a wide range of uses and allow sustainable development. The real estate portfolio is composed mainly of the two sites in Zug and Risch Rotkreuz. The Group also runs a city resort in Zug incorporating the leading business hotels Park Hotel Zug and City Garden and a comprehensive range of restaurants. The total value of the portfolio as of 30 June 2024 was CHF 1.84 billion. Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich (ticker symbol: ZUGN, securities number: 14 805 212).

Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch

Press release  
Zug, 9 September 2024

Zug Estates Ltd has signed a 30-year rental agreement with XUND, the training centre of Gesundheit Zentralschweiz, for a space spanning 6,000 m² on the Suurstoffi site in Rotkreuz, Canton Zug. 

XUND will take over all the office and education space in the Suurstoffi 45 property which – together with the Suurstoffi 43 building – is the last plot at the Suurstoffi site. The S43/45 project entails the construction of around 14'400m² of office and education space and 1'100 m² of residential space for student living. Construction is set to commence at the end of 2024. The rental space is scheduled to be handed over to XUND and other future tenants in mid-2027. 

Josef Widmer, President of the XUND training centre, underlines the considerable attractiveness of the new, modern location and anticipates synergies in the site's innovative environment: "The Rotkreuz site strengthens XUND's regional roots in central Switzerland and is much more easily reachable for many students and apprentices. It facilitates on-site synergies with other education partners, such as the Lucerne University of Applied Sciences and Arts, and opens up opportunities for cooperating with practitioners or researchers."

Alain Baumgartner, Head of Portfolio Management at Zug Estates Ltd, is pleased that the training centre is moving to the Suurstoffi site: "XUND is an ideal partner for us and will fit in very well with the current tenants at the Suurstoffi site; it will also contribute to a sustainable and diverse use of the complex. And finally, the marketing success confirms the buoyant demand for attractive and well developed rental spaces in the Zug region."

About XUND
The XUND training centre offers a wide range of practical continuous and further training "under one roof" together with professional colleges of nursing and biomedical analytics, advanced study programmes in anaesthesia, intensive and emergency care, industry-wide courses for healthcare assistants and health and social care workers, as well as further training courses.

Downloads:

Suurstoffi site (.jpg)
Visualisation S43 (.jpg)
Visualisation S45 (.jpg)
Press release (PDF)

Important dates:

For further information, please contact:

About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites that are suitable for a wide range of uses and allow sustainable development. The real estate portfolio is composed mainly of the two sites in Zug and Risch Rotkreuz. The Group also runs a city resort in Zug incorporating the leading business hotels Park Hotel Zug and City Garden and a comprehensive range of restaurants. The total value of the portfolio as of 30 June 2024 was CHF 1.84 billion. Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich (ticker symbol: ZUGN, securities number: 14 805 212).

Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch

Press release  
Zug, 26 August 2024

Today, Zug Estates Holding Ltd placed a further green bond amounting to CHF 100 million. In the run-up to the transaction, the existing Green Bond Framework was expanded into a Green Finance Framework. Based on the new, stringent selection criteria, 95% of the portfolio is classified as green properties.

In 2019, Zug Estates was the first Swiss real estate company to issue a green bond. After switching its entire bond portfolio to green bonds in 2022, a further green bond with a payment date of 30 September 2024 and amounting to CHF 100 million was placed today. It has a coupon of 1.65% and a term of seven years. The proportion of unsecured bonds in relation to all interest-bearing financing will thus increase to around 45%.

In the run-up to the issue, the existing Green Bond Framework was expanded into a Green Finance Framework which in future will enable Zug Estates to take out not only green bonds but also access other types of green financing instruments.

Under the new, stringent selection criteria, buildings and sites will be classed as green if their greenhouse gas emissions during operation are lower than 1kg pro m² energy reference area (<1 kg CO₂eq / m² ERA p.a.) or if they have certification from BREEAM (very good or higher), DGNB/SGNI (Gold or higher), the Swiss Sustainable Building Standard SNBS (Gold or higher) or Minergie.

Despite these very ambitious guidelines, green buildings and sites account for 95% of Zug Estates' total portfolio, thanks to the company's long-standing systematic implementation of its strategy in the field of environmental sustainability. Of these, properties at the Suurstoffi site with a market value of CHF 418.4 million as at 30 June 2024 will be allocated to the two existing green bonds and the newly launched green bond.

ISS Corporate Solutions, one of the world's leading agencies for ESG research and rating, has provided a Second Party Opinion (SPO) on the Green Finance Framework. Moreover, on 23 August 2024 ISS (International Shareholder Services) awarded Zug Estates a "C+" rating, which corresponds to the "Prime" status.

Today's placement was met with broad-based interest among institutional investors, as the funds can be invested directly and entirely in properties that meet the most stringent sustainability requirements and that are already operated on on an almost CO₂-free basis.

UBS AG and Basler Kantonalbank are acting as joint lead managers in the issue. An application has been submitted for trading on SIX Swiss Exchange. 

Disclaimer:
This press release and the information it contains may not be forwarded or transmitted to the United States of America (USA) or distributed or transmitted to US persons (including legal entities) or to media with broad distribution in the USA. Any violation of these restrictions may give rise to a breach of US securities legislation. This bond will not be offered for public sales outside Switzerland. This media release does not constitute an offer to buy or subscribe securities and is not an issuing prospectus pursuant to Art. 35 FinSA.

Downloads:

Green Finance Framework (PDF)
Second Party Opinion (SPO) - ISS (PDF)
Green Finance Reporting
Press release (PDF)

Important dates:

For further information, please contact:

About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites that are suitable for a wide range of uses and allow sustainable development. The real estate portfolio is composed mainly of the two sites in Zug and Risch Rotkreuz. The Group also runs a city resort in Zug incorporating the leading business hotels Park Hotel Zug and City Garden and a comprehensive range of restaurants. The total value of the portfolio as of 30 June 2024 was CHF 1.84 billion. Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich (ticker symbol: ZUGN, securities number: 14 805 212).

Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch

Press release 
Zug, 9 April 2024

Today, the 12th General Meeting of Shareholders of Zug Estates Holding Ltd was held at the Theater Casino Zug, attended by 214 shareholders. A total of 80.2% of the voting share capital was represented. The shareholders approved all proposals of the Board of Directors. 

The General Meeting of Shareholders decided to distribute a total of CHF 22.4 million to shareholders for the 2023 financial year. The ordinary gross dividend (subject to withholding tax) is CHF 4.40 per series A registered share and CHF 44.00 per series B registered share. After payment of Swiss withholding tax of 35%, this results in a net dividend of CHF 2.86 per series A registered share and CHF 28.60 per series B registered share. Payment of the net dividend will take place as of Monday, 15 April 2024 (payment date). 

All members of the Board of Directors standing for re-election were confirmed for a further term of one year. Beat Schwab was also re-elected as Chairman of the Board of Directors. Johannes Stöckli and Annelies Häcki Buhofer were re-elected to the Nomination and Compensation Committee. In a consultative vote, the General Meeting of Shareholders expressed its agreement with the remuneration report and approved the remuneration for the members of the Board of Directors and Group management. The shareholders elected KPMG Ltd, Zug, as the auditors for the 2024 financial year for the first time. 

The 13th General Meeting of Shareholders of Zug Estates Holding Ltd will be held on 10 April 2025.

Downloads:

Press release (PDF)

Important dates:

For further information, please contact:

About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites that are suitable for a wide range of uses and allow sustainable development. The real estate portfolio is composed mainly of the two sites in Zug and Risch Rotkreuz. The Group also runs a city resort in Zug incorporating the leading business hotels Park Hotel Zug and City Garden and a comprehensive range of restaurants. The total value of the portfolio as of 31 December 2023 was CHF 1.83 billion. Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich (ticker symbol: ZUGN, securities number: 14 805 212).

Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch

Press release 
Zug, 21 March 2024

The Swiss Sustainable Building Council awarded the Suurstoffi site of Zug Estates – as the first site in Switzerland – the DGNB Platinum Certificate for the planning and construction of sustainable districts.

The DGNB certification confirms that Zug Estates has delivered a prime example of sustainable site development with the Suurstoffi site in Rotkreuz. It meets the comprehensive quality requirements of the DGNB certification system that includes criteria such as energy efficiency, CO₂ emissions, ecological assessment, grey energy, flexibility of use and recyclability of the materials used. However, the Suurstoffi site plays a pioneering role not only in terms of the virtually carbon-free energy concept but also demonstrates its qualities from an economic, socio-cultural, functional and technical point of view.

DGNB is an internationally recognised quality seal that – in addition to BREEAM (UK) and LEED (USA) – is one of the three main evaluation systems in the world. With the certification, almost half of the Zug Estates portfolio has a sustainability certificate.

The other Zug Estates properties also have an above-average sustainability profile thanks to very low emission values, prime locations, a good social mix and high-quality exterior space designs. According to the latest sustainability report of the Zug Estates Group, greenhouse gas emissions for operation of the entire real estate portfolio are, at 1.1 kg pro m² energy reference area (scope 1 and 2), at a very low level and well below the industry average.

SGNI
The Swiss Sustainable Building Council was established in 2010 and is Switzerland’s representative in the World Green Building Council network, which comprises 70 country councils and over 28,000 member companies committed to sustainability. Projects totalling several billion Swiss francs accounting for over 5 million m² are currently in the process of being or have been certified by the Swiss Sustainable Building Council. Worldwide there are over 10,000 large-scale projects including residential and office complexes, logistics and production facilities, shopping malls and hospitals, as well as city neighbourhoods, sites, buildings and standardised tenant fitouts. (https://www.sgni.ch)

Downloads:

• Press release (PDF)

Press pictures:

• Suurstoffi site 01
• Suurstoffi site 02
• Suurstoffi site 03
• Suurstoffi site 04

Important dates:

For further information, please contact:

About Zug Estates
The Zug Estates Group conceives, develops, markets and manages properties in the Zug region. It focuses on central sites that are suitable for a wide range of uses and allow sustainable development. The real estate portfolio is composed mainly of the two sites in Zug and Risch Rotkreuz. The Group also runs a city resort in Zug incorporating the leading business hotels Park Hotel Zug and City Garden and a comprehensive range of restaurants. The total value of the portfolio as of 31 December 2023 was CHF 1.83 billion. Zug Estates Holding AG is listed on the SIX Swiss Exchange, Zurich (ticker symbol: ZUGN, securities number: 14 805 212).

Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch