Press releases
Press release 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 Important dates:
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About Zug Estates Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch |
Press release 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: Downloads: Green Finance Framework (PDF) Important dates:
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About Zug Estates Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch |
Press release 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: Important dates:
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About Zug Estates Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch News Source: Zug Estates Holding AG |
Press release 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 Downloads: Press pictures: Important dates:
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About Zug Estates Zug Estates Holding AG | Baarerstrasse 18 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch |
Press release The Zug Estates Group has signed multiple long-term rental contracts for the Suurstoffi site in Rotkreuz and the Metalli centre in Zug. The new aigu Restaurant & Bar at the Park Hotel Zug is a welcome addition to the dining and events scene in the city of Zug. Canton of Zug opens new school on Suurstoffi site New retail brand and childcare facility at Metalli centre futura Montessori Zug GmbH has signed a five-year rental agreement. It will rent approximately 580m2 from mid-November 2023 and will operate a childcare facility. New restaurant at Park Hotel Zug and new name for Hotelbusiness Zug AG Following this new direction, Hotelbusiness Zug AG, which owns Park Hotel Zug and aigu Restaurant & Bar as well as City Garden Hotel, City Apartments and Secret Garden Restaurant & Bar, has changed its name to Garden Park Zug AG (www.gardenpark.ch). Photos of aigu Restaurant & Bar Downloads: Important dates:
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About Zug Estates Zug Estates Holding AG | Industriestrasse 12 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch |
Press release The Board of Directors and Group management of Zug Estates Holding AG have named Andrea Wegmüller (38) as the Head of Property Management and a member of Group management at Zug Estates AG. He will start on 1 August 2023. Andrea Wegmüller has been with PRIVERA AG since 2016, initially as Regional Head of Property Management East and then as COO / Head of Property Management Switzerland since the start of 2022. Prior to that, he had spent five years in different functions at Livit AG. Mr Wegmüller is a Swiss-certified real estate trustee with a Master in Advanced Studies (MAS) in Real Estate Management from the University of Applied Sciences in Business Administration in Zurich (HWZ). Andrea Wegmüller will take over as Head of Property Management from Pascal Arnold, who has decided to take on a new professional challenge after nine successful years at Zug Estates. The Board of Directors of Zug Estates Holding AG would like to take this opportunity to thank Pascal Arnold for his great dedication and professional commitment and wish him every success for the future. Important dates:
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About Zug Estates Zug Estates Holding AG | Industriestrasse 12 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch |
Press release The Metalli shopping centre is subdividing the former C&A and Zara retail premises in a bid to expand the range of shops catering for everyday needs. Attractive brands are moving into the newly created retail spaces. Spring 2024 will see Lidl Schweiz AG opening a new store in the lower level and part of the ground floor of the current Zara premises with over 1,600 m2 of retail space. Its food range will complement the offering already available in the Metalli. In addition, two more retail spaces are being created on the ground floor of the current Zara premises in readiness for letting at the beginning of 2024. Discussions for these two retail spaces are under way. New shops are also being created in the former C&A premises. The ground floor is currently divided into three shop units. Autumn 2023 will see LUSH (Switzerland) AG, specialist in handmade cosmetics, and jeweller Maison Carat SA taking possession of these retail spaces. Contract negotiations are well advanced for the third unit. Gregor Schaller, Manager of the Metalli centre, is pleased to welcome the new brands: “They ideally complement our offering in the Metalli in response to evolving customer needs. The new retail tenants appreciate the Metalli’s unique positioning and attractiveness in the region.” The first floor of the former C&A premises is being converted into office space, offering two units of around 900 m2 each. Construction work is under way, with completion expected in autumn 2023. Zug Estates AG is merging its two existing offices in Zug and Rotkreuz with a view to occupying one of the two units at the beginning of December 2023. Downloads: Important dates:
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About Zug Estates Zug Estates Holding AG | Industriestrasse 12 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch |
Press release Zug Estates Holding AG today issued a second green bond for CHF 100 million. This means that the bond portfolio consists entirely of financial instruments focused on sustainability. Having been the first Swiss real estate company to issue a green bond back in September 2019, Zug Estates today issued another green bond for CHF 100 million, with a coupon rate of 0.75%, a term of 7.17 years and payment due on 17 February 2022. In line with the Zug Estates Group's sustainability strategy, this second green bond means that the Zug Estates bond portfolio consists entirely of financial instruments focused on sustainability. There has been widespread interest in today's placement amongst institutional investors because all the funds have been invested directly into the Suurstoffi site in Risch Rotkreuz, which meets the most stringent of sustainability requirements and is already almost carbon-free. Zurich Cantonal Bank and UBS AG acted as joint lead manager/joint book runner for the green bond issue. The application for admission to trading on the SIX Swiss Exchange is being submitted.
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About Zug Estates Zug Estates Holding AG | Industriestrasse 12 | CH-6300 Zug | T +41 41 729 10 10 | www.zugestates.ch |
Your contact
Philipp Hodel
Head of Corporate Communication
+41 41 729 10 36
philipp.hodel@zugestates.ch
Zug Estates AG
Baarerstrasse 18
CH-6300 Zug