Press releases
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 |
Press release Irene Gangwisch (49) is taking over the management of Hotelbusiness Zug AG (HBZ) from Stefan Gareis on 1 February 2022. As the new Director of Hotelbusiness Zug AG, Irene Gangwisch will manage the Parkhotel Zug and the City Garden Hotel. She has long and extensive experience in the hotel and catering industry, and spent the last three years as General Manager of the prestigious 4-star Sorell Hotel Zürichberg. Prior to that, she was Managing Director and Board Delegate of the AlpinTrend Hotel & Gastro Group and Director of the Hotel Lenzerhorn Spa & Wellness in Lenzerheide. As announced by Hotelbusiness Zug AG in September 2021, the current and long-standing Director Stefan Gareis has decided to take on a new challenge. Now that an ideal successor in Irene Gangwisch has been found, he will relinquish the management of Hotelbusiness Zug AG at the end of January 2022. The Board of Directors is grateful to Stefan Gareis for his almost 20 years of service. He has led Hotelbusiness Zug AG with great commitment and has played an important role in the successful development of this business segment of the Zug Estates Group.  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 Zug Estates Group announced in its most recent sustainability report that it has reduced its greenhouse gas emissions from 17.3 kilogrammes (2010) to its current level of 1.8 kilogrammes per square meter of energy reference area, making the Group a leader in the Swiss real estate industry. Nearly carbon-free operation of all properties will become a reality in the next two years. Zug Estates is well aware of its responsibility with respect to climate change and has set itself the goal of operating its entire real estate portfolio free of carbon emissions. Not only newly constructed buildings but each and every property in the portfolio will be optimised to meet this goal. With that, the real estate company goes well beyond the requirements of both the Federal Council's energy strategy and the Paris Agreement. These calculations take into account greenhouse gas emissions that arise in connection with heating and cooling systems as well as in the production of operational current. They also include emissions from the Group's own fleet of company vehicles.
Direct emissions approaching zero Since 2010, the Group has reduced its greenhouse gas emissions (Scope 1 and 2) from 17.3 to the current level of 1.8 kilogrammes per square meter of energy reference area, better than reported by any other company in the Swiss real estate sector. By 2023, the entire portfolio is to be operated nearly free of carbon emissions and without the need to import any additional energy from outside the region, an ambitious goal the Group plans to achieve by connecting additional properties from the Zug City Centre site to the Circulago lake water district. Not only that, but the company's own fleet of vehicles will be transitioned completely to e-vehicles by the end of 2023 and the production of solar energy (electricity and heat) will be further expanded on the company's own sites at the same time. Additional electricity required for the Group's operations will be obtained from renewable sources in the region. Scope 1 comprises the emissions that arise through the use of fuel oil and natural gas to generate heat as well as from the use of gasoline and diesel in the company's own vehicles. Scope 2 comprises emissions that arise in connection with the generation of purchased electricity as well as the heating and cooling capacity purchased from the Circulago lake water district. Emission data refer to the period from 1 April to 31 March of the subsequent year.
Greater transparency and better comparability Zug Estates' sustainability strategy focuses not only on reducing its carbon emissions, rather it has also been pursuing projects and objectives in the areas of materials, biodiversity and water for many years now. Beyond the scope of these environmental topics, issues related to the areas of social affairs and corporate governance are becoming increasingly important, as well. In an effort to promote transparency and comparability, Zug Estates is publishing its first-ever sustainability report in accordance with the internationally recognised GRI (Global Reporting Initiative) standards this year. The scope of the report has also been expanded. The new sustainability report covers the entire range of ESG criteria, which refer to environmental, social and corporate governance factors. Another change is that the report will mainly be published digitally on the Group's website at https://zugestates.ch/nachhaltigkeit. Additional information Sustainability Report by the Zug Estates Group in accordance with GRI standards (29 September 2021) 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 |
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